"Super Micro Computer (SMCI) Surges on Strong Q2 Earnings and Upbeat Outlook"
Super Micro Computer's stock soared over 30% to a record high after the company announced preliminary financial results that surpassed expectations, with revenue for the fiscal second quarter expected to be between $3.6 billion and $3.65 billion, and adjusted earnings projected to be between $5.40 and $5.55 per share. The company's stock has seen significant growth in recent years, and analysts attribute much of Super Micro's sales to Nvidia's allocation of its graphics processing units, which are in high demand due to the AI boom. Super Micro's full earnings report is set to be released later this month.