Reported 6 months ago
Super Micro Computer's stock price surged as the company collaborated with Datasection, Foxconn, KDDI, and Sharp to establish a large-scale Asian artificial intelligence data center in Japan using Nvidia's advanced chips. The stock's rise was also boosted by the broader semiconductor index's recovery following the Biden Administration's restrictions on AI technology in the Middle East. Supermicro aims to develop liquid-cooled solutions for the new data center and construct advanced systems optimized for the Nvidia AI Enterprise platform. Analysts anticipate continued sales growth for Supermicro, positioning it as a key player in the AI server market with stock gains of 251% in the past year.
Source: YAHOO