Super Micro stock jumps 19% on guidance beat as revenue more than doubles

Super Micro stock jumps 19% on guidance beat as revenue more than doubles

The stock of Super Micro Computer (SMCI.O) surged 19% in after-hours trading after the server maker reported better-than-expected quarterly results.

8 billion, driven by strong demand for AI infrastructure and data-center hardware.

Revenue more than doubled year-over-year to $1.8 billion, driven by strong demand for AI infrastructure and data-center hardware.

The company also raised its full-year revenue guidance, citing continued momentum in the AI sector.

Analysts noted that the results reflect the broader semiconductor and tech industry's shift toward AI-driven infrastructure.

Super Micro's partnership with major cloud providers and its role in supplying hardware for AI training and inference have positioned it as a key player in the sector.

In a new development, SenseTime, a Chinese AI firm under U.S. sanctions, is pivoting toward lower-cost models and overseas expansion to remain competitive in the global AI race, according to co-founder Lin Dahua.