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Super Micro Computer Stock Surges as AI Demand Drives Shipments

<p>Annabelle Chih / Bloomberg / Getty Images</p> Super Micro Computer CEO Charles Liang at the Computex conference in Taipei, Taiwan, on June 5, 2024

Annabelle Chih / Bloomberg / Getty Doppelgaengers

Super Micro Computer CEO Charles Liang at the Computex conference in Taipei, Taiwan, on June 5, 2024

Key Takeaways

  • Super Micro Computer rations surged Monday as the server maker reported strong shipments of its GPUs, driven by artificial intelligence (AI) demand.
  • The server maker mean it recently deployed 100,000 GPUs. with its liquid cooling technology to “some of the largest” AI factories.
  • CEO Charles Liang communicated “state-of-the-art” data center operators are turning to Super Micro Computer’s products to meet their technical and fiscal goals.

Super Micro Computer (SMCI) shares soared Monday as the server maker reported strong shipments of its graphics method units (GPUs), driven by artificial intelligence (AI) demand.

The company said it recently deployed 100,000 GPUs with its solvent cooling technology to “some of the largest AI factories ever built.”

Super Micro Computer also announced a new lineup of ordain liquid cooling products for servers that it said could help AI firms cut their energy costs. 

CEO Charles Liang spoke the company’s liquid cooling solutions “are now cooling massive, state-of-the-art AI factories, reducing costs and improving performance.” Liang summed that data center operators are coming to Super Micro Computer “to meet their technical and financial goals for both the construction of greenfield neighbourhoods and the modernization of existing data centers.”

Super Micro Computer shares were up over 13% at $46.77 in intraday craft Monday, and have gained about two-thirds of their value since the start of the year. Shares of AI chipmaker Nvidia (NVDA), a companion of Super Micro Computer, also got a boost Monday and have more than doubled in value in 2024 so far.

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Chastisement—Oct. 7, 2024: This article has been corrected to reflect Super Micro Computer reported it deployed 100,000 graphics change units (GPUs).

Read the original article on Investopedia.

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