Super Micro forecasts quarterly revenue above estimates as AI powers server demand
The Star Online - Tech·2024-05-01 11:00
(Reuters) -Super Micro Computer forecast fourth-quarter revenue above estimates on Tuesday as it expects continued demand for its servers used in artificial intelligence applications.
Super Micro's in-house liquid cooling solutions for servers have helped it get products to the market quicker than its competitors, who rely partly on third-party vendors. Its close relations with chip giants Nvidia and Advanced Micro Devices, whose headquarters are less than 10 miles from Super Micro's, help it receive early samples of chips to check prototypes, giving it further advantage over rivals. Super Micro's stock, which has nearly tripled so far this year, was added to the S&P 500 index last month.
……Read full article on The Star Online - Tech
America Entertainment Malaysia
One-stop lifestyle app dedicated to making life in Singapore a breeze!
Comments
Leave a comment in Nestia App