Super Micro surges 15% on new order and margin disclosure after SpaceX announcement
Many server makers are seeing faster growth as companies race to deploy artificial intelligence servers.
AI Summary
Super Micro Computer raised its gross margin guidance for the June quarter to 15-17%, up sharply from the 8.2-8.4% projected in May, leading to a 15% surge in its stock. The company cited favorable customer and product mix, while revenue is expected at the low end of its $11–12.5 billion range and it reported a record backlog with over $60 billion in new orders. The update follows a June announcement that Super Micro is co-building a new AI data center for SpaceX and xAI.