Super Micro Computer (SMCI) stock rose 12% to $36.45 in morning trading after the AI server maker issued a preliminary update for its fiscal first quarter of 2027, which ended in September. It estimates revenue of at least $18.5 billion, above the top of its prior guidance range, on stronger demand for AI platforms, and also expects gross margins above its prior guidance range due to customer and product mix. Dell rose 7% to $494.24 and Hewlett Packard Enterprise gained 5% to $58.84, while the Invesco QQQ Trust was up only 0.6%, suggesting buyers are targeting AI hardware. Because its margins are thin, Super Micro's revenue depends heavily on large customer orders, and the figures remain unaudited until the full results and conference call in early November.
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QQQ
▲ Likely positiveInvesco QQQ Trust
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/20/2026 | 717.52 |
| Change that session | -0.12% |
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