SUPER MICRO SEES QUARTERLY REVENUE SOARING ON AI SERVER BOOM

What happened: Super Micro Computer said it expects quarterly revenue and profit margin well above Wall Street estimates, citing AI data center demand. Shares rose 11.3% in after-hours trading. Key numbers: Revenue guidance $18.5 billion to $19.5 billion versus analysts' $15.23 billion estimate and prior forecast of $14.5 billion to $15.5 billion. Why it matters: The forecast follows a recent AI selloff driven by CoreWeave's stock and bond slide and concerns about higher interest rates. Super Micro also appointed former Western Digital executive Mark Long as CFO. Coverage: 3 outlets in 24h

Super Micro Computer said it expects quarterly revenue and profit margin well above Wall Street estimates, citing AI data center demand. Shares rose 11.3% in after-hours trading.

The forecast follows a recent AI selloff driven by CoreWeave's stock and bond slide and concerns about higher interest rates. Super Micro also appointed former Western Digital executive Mark Long as CFO.