Super Micro Computer soars on earnings beat. Here’s what’s next for SMCI stock.
Super Micro Computer (SMCI) shares are rising on Wednesday even though the artificial intelligence (AI) server specialist’s fiscal third-quarter revenue missed consensus estimates by more than $2 billion. Investors are applauding SMCI primarily because management forecast at least $0.65 earnings per share (EPS) on up to $1.5 billion in revenue for the fourth quarter, both…