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Wajeeh Khan

SMCI Stock Soars as Super Micro Computer's Backlog Surpasses $60 Billion

SMCI Super Micro Super Micro Computer Needham Quinn Bolton

Super Micro Computer (SMCI) shares are ripping higher on July 22 after the artificial intelligence (AI) server specialist posted a bullish Q4 earnings preview.

In its press release, the firm said it received new orders worth over $60 billion during the quarter, adding that gross margin is now expected to come in at 16% — nearly double the 8.3% it had guided for earlier.

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