Super Micro Jumps About 17% After Preliminary Quarter Tops Expectations

Shares of Super Micro Computer rose about 17% in overnight trading after the company released preliminary results for the quarter ended September 30 that came in well above Wall Street expectations.

The move adds to a rebound in AI hardware names after a rough stretch for the sector earlier this month, when concerns about AI-related debt weighed on tech shares. Full results and guidance are expected later.

Super Micro (SMCI) is a Dyatome Capital holding. This article is for information only and is not investment advice.