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Super Micro Computer Inc - SMCI STOCK NEWS

Welcome to our dedicated news page for Super Micro Computer (Ticker: SMCI), a resource for investors and traders seeking the latest updates and insights on Super Micro Computer.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Super Micro Computer's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Super Micro Computer's position in the market.

Rhea-AI Summary
Vapor IO and Supermicro announce Zero Gap AI, a groundbreaking collaboration delivering private 5G and AI-as-a-Service platforms. The platform aims to revolutionize how enterprises and municipalities utilize AI by offering hyperlocal services with reduced reliance on centralized computing. Supermicro servers with NVIDIA MGX platform and GH200 Grace Hopper Superchip form the core of Zero Gap AI, enabling high-performance computing and AI servers. The platform targets various industries like smart cities, healthcare, retail, and manufacturing, offering cost-effective AI solutions at scale.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
14.02%
Tags
AI
-
Rhea-AI Summary
Super Micro Computer, Inc. (SMCI) reported strong financial results for the second quarter of fiscal year 2024, with net sales of $3.66 billion, representing a 103% year-over-year growth. The company also raised its revenue outlook for fiscal year 2024 to $14.3 billion to $14.7 billion. However, the gross margin decreased to 15.4% compared to the previous quarter, and cash flow used in operations was $595 million. The company's total cash and cash equivalents were $726 million, while total bank debt was $376 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.49%
Tags
earnings
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Rhea-AI Summary
Supermicro, Inc. (NASDAQ: SMCI) launches a full stack optimized storage solution for AI and ML data pipelines, supporting petascale capacities and high-performance data delivery. The solution aims to maximize AI time-to-value by keeping GPU data pipelines fully saturated and delivering multi-petabyte data for AIOps and MLOps in production environments. President and CEO Charles Liang claims the solution can deliver 270 GB/s of read throughput and 3.9 million IOPS per storage cluster, easily scaling up to hundreds of petabytes, and reducing TCO while increasing AI performance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.3%
Tags
AI
Rhea-AI Summary
Supermicro (SMCI) expects to exceed its prior financial guidance for the second quarter of fiscal year 2024, with anticipated net sales of $3.6B to $3.65B, compared to the previous guidance of $2.7B to $2.9B. The company also expects GAAP diluted net income per common share to be in the range of $4.90 to $5.05, up from the prior guidance of $3.75 to $4.24. Non-GAAP diluted net income per common share is anticipated to be $5.40 to $5.55, compared to the previous guidance of $4.40 to $4.88. These preliminary unaudited financial results are subject to revision and may differ materially from the final results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
35.94%
Tags
earnings
-
Rhea-AI Summary
Super Micro Computer, Inc. (SMCI) announces participation in CJS Securities 24th Annual 'New Ideas for the New Year' Conference and 26th Annual Needham Growth Conference.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.15%
Tags
conferences
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Rhea-AI Summary
Supermicro, Inc. (NASDAQ: SMCI) announces rack scale air and liquid cooled solutions based on the X13 family of workload-optimized servers now support the new 5th Gen Intel Xeon processors, delivering 67% generation-over-generation performance boost in AI benchmarks and average performance gain of 87% over 3rd Gen Intel Xeon Processor-based Systems.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.71%
Tags
AI
Rhea-AI Summary
Super Micro Computer, Inc. (SMCI) appoints Wally Liaw to the Board of Directors, a Co-founder with extensive experience in Strategic Business Development and Corporate Growth initiatives. Mr. Liaw's return as Senior Vice President, Business Development is a positive development for the company's future.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
management
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Rhea-AI Summary
Supermicro, Inc. (SMCI) announces new 8-GPU systems powered by AMD Instinct™ MI300X accelerators, offering breakthrough AI and HPC performance for large-scale AI training and LLM deployments. The new systems include 2U liquid-cooled and 4U air-cooled servers with AMD Instinct MI300A APUs, delivering up to 3.4X performance improvement compared to previous generations. Supermicro's worldwide manufacturing facilities streamline the delivery of these new servers for AI and HPC convergence.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.63%
Tags
AI
-
Rhea-AI Summary
Super Micro Computer, Inc. (SMCI) announced the pricing of its underwritten public offering of 2,100,700 shares of its common stock at a public offering price of $262.00 per share, with expected gross proceeds of $524 million. The underwriters have a 30-day option to purchase up to an additional 315,105 shares. The offering is expected to close soon.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.4%
Tags
offering
Rhea-AI Summary
Super Micro Computer, Inc. (SMCI) announced a proposed underwritten registered public offering of 2,100,700 shares of its common stock, with 2,000,000 shares offered by the company and 100,700 shares offered by certain selling stockholders. The underwriters may also have a 30-day option to purchase up to an additional 315,105 shares. J.P. Morgan, BofA Securities, and Goldman Sachs & Co. LLC are acting as lead book-running managers for the proposed offering. The offering is subject to market and other conditions, with no assurance of completion or the actual size or terms of the offering. A registration statement on Form S-3 has been filed with the SEC and has become effective. This press release does not constitute an offer to sell or the solicitation of an offer to buy.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.4%
Tags
offering
Super Micro Computer Inc

Nasdaq:SMCI

SMCI Rankings

SMCI Stock Data

59.14B
47.92M
14.35%
68.55%
7.13%
Electronic Computer Manufacturing
Manufacturing
Link
US
San Jose

About SMCI

supermicro (nasdaq: smci) is a global leader in high performance, high efficiency server technology and innovation. we develop and provide end-to-end green computing solutions to the data center, cloud computing, enterprise it, big data, high performance computing, or hpc, and embedded markets. our solutions range from complete server, storage, blade and workstations to full racks, networking devices, server management software and technology support and services. we offer our customers a high degree of flexibility and customization by providing what we believe to be the industry's broadest array of server configurations from which they can choose the optimal solution which fits their computing needs. our server systems, subsystems and accessories are architecturally designed to provide high levels of reliability, quality and scalability, thereby enabling our customers benefits in the areas of compute performance, density, thermal management and power efficiency to lower their overall