Super Micro Computer (SMCI) Stock Jumps 6% As $60 Billion AI Order Book Turns Heads

TLDR

• SMCI rose 6% to $31.13, with the stock trading as high as $31.34 during the session
• Supermicro booked over $60 billion in new AI server orders in a single quarter, pushing its backlog to a record level
• Gross margin guidance came in at 15% to 17%, roughly double earlier estimates of 8.2% to 8.4%
• The company is raising $7 billion through equity-related financing to fund order fulfillment
• Earnings are due August 11, with analysts holding an average price target of $39.21 and an overall Hold rating

Super Micro Computer stock climbed 6% to $31.13 on Friday, with intraday highs reaching $31.34. Despite the move, the stock remains well below its 52-week high of $58.78.

Super Micro Computer, Inc., SMCI

The catalyst was a mix of renewed optimism around AI infrastructure demand and a closer look at the company’s latest preliminary quarterly update, which revealed some eye-catching numbers.

Supermicro said it booked more than $60 billion in new AI server orders in its fiscal fourth quarter ended June 30. That pushed its backlog to a record level heading into fiscal 2027.

… Continue reading the full article at the original source below.