Reported 2 days ago
Supermicro's shares rose for the fifth consecutive session on Wednesday, gaining 8% following a favorable business update last week. The company's CEO mentioned potential sales reaching $40 billion by 2026, fueled by demand for AI data-center servers. Despite recent gains, Supermicro's stock has significantly declined in value over the past year, and the company is preparing to submit overdue financial reports to avoid delisting from Nasdaq.
Source: YAHOO