Important points
Supermicrocomputer stocks soared on Monday as server makers reported strong GPU shipments driven by artificial intelligence (AI) demand. The server maker recently announced that it has installed 100,000 GPUs. CEO Charles Liang said “advanced” data center operators are turning to Super Micro Computer’s products to meet their technical and financial goals.
Super Microcomputer (SMCI) shares soared on Monday after the server maker reported strong shipments of graphics processing units (GPUs) driven by demand for artificial intelligence (AI).
The company recently said it has deployed 100,000 GPUs with its liquid cooling technology into “some of the largest AI factories ever built.”
Super Micro Computer also announced a new line of direct liquid cooling products for servers that could help AI companies reduce energy costs.
CEO Charles Liang said the company’s liquid cooling solutions are “currently cooling large, state-of-the-art AI factories, reducing costs and improving performance.” Liang added that data center operators are coming to Super Microcomputer “to meet their technical and financial goals for both the construction of greenfield sites and the modernization of existing data centers.”
The supermicrocomputer’s stock rose more than 13% to $46.77 in intraday trading Monday, increasing its value by about two-thirds since the beginning of the year. Shares of AI chipmaker Nvidia (NVDA), a partner of Super Micro Computer, also rose on Monday, more than doubling in value in 2024 so far.
TradingView
Correction—October 7, 2024: This article has been amended to reflect that Super Micro Computer has reported that it has introduced 100,000 graphics processing units (GPUs).
