Super Micro Computer, Inc. SMCI stocks see a sharp rise Thursday afternoon. The stock has seen impressive performance throughout the year, potentially driven by the company’s strategic initiatives and ggrowth in the artificial intelligence (AI) sector.
What there is to know: Super Micro stock has been on an upward trajectory this year. The stock’s 52-week range is $213.08 to $1,229. The average trading volume over the last 100 days was 6.29 million shares.
The company also reported solid revenue growth of 37.09% year-over-year, with net income of $402.46 million and earnings per share of $7.13. Super Micro’s gross margin is 15.50%.
Recent DEVELOPMENTS: Super Micro introduced several new products and initiatives that fueled its stock performance. Notably, the company launched a deployment-ready liquid-cooled AI data center optimized for NVIDIA Corp. NVDA AI business software. This innovation is designed to accelerate the adoption of generative AI across various industries, delivering significant cost savings and improved performance.
“Supermicro continues to lead the industry in creating and deploying liquid-cooled, rack-scale AI solutions,” said Charles LiangPresident and CEO of Supermicro.
SMCI Price Action: Shares of Super Micro Computer were up 12.4% at $870.69 at the time of writing, according to Benzinga Pro.
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