SMCI Stock Surges 12% After Supermicro’s $4B Forecast Shift

TLDR SMCI stock gained 12% in early Wednesday trading after Supermicro raised its revenue estimate. Supermicro expects fiscal Q1 revenue between $18.5 billion and $19.5 billion, up $4 billion at the midpoint. The company raised its gross margin estimate to 12%–12.5%, citing its customer and product mix. Dell Technologies gained 5%, while Hewlett Packard Enterprise [...]

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