AIReuters48m ago
Super Micro reports Q1 revenue up 298% YoY
Super Micro reports Q1 revenue up 298% YoY to $19.95B, vs. $16.39B est., and forecasts Q2 revenue above estimates; SMCI jumps 7%+ after hours
TL;DRSuper Micro's AI server sales crushed expectations, revenue nearly tripled year-over-year.
Why it matters: AI infrastructure demand remains strong; signals healthy spending by cloud giants despite valuation concerns.
Super Micro Computer (SMCI.O) forecast second-quarter revenue above Wall Street estimates on Tuesday as strong demand for its AI-optimized servers boosted sales …
Read full articleSource: Reuters · Opens in new tab