Supermicro (SMCI) shares jumped 12% in early trading on Wednesday, while Dell (DELL) and Hewlett Packard Enterprise (HPE) gained 5% and 4%. The AI server maker raised its fiscal first quarter revenue forecast by $4 billion to $18.5–19.5 billion for the quarter ended Sept. 30, from $14.5–15.5 billion, signaling stronger demand for AI infrastructure. It also lifted its gross margin forecast to 12%–12.5% from 10.4%–10.8%, citing a more favorable customer and product mix. The company will present full fiscal Q1 2027 results on Nov. 3, and shares are up about 10% year to date.
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Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.2T |
| Close on 10/20/2026 | 216.48 |
| Change that session | -0.28% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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