Super Micro Computer rose 4%, Dell gained 4% and AMD climbed 5% as AI hardware stocks rebounded from Monday's chip sell-off, ahead of Super Micro's earnings after the close. Super Micro's own estimate puts September-quarter gross margin at 12.0% to 12.5%, down from 17.5% in the June quarter. SambaNova said Super Micro will build racks pairing its SN50 inference chips with Nvidia GPUs, starting with a plan for 10,000 chips. Analysts expect normalized EPS to rise from $3.63 in fiscal 2026 to $5.68 by fiscal 2028, while Super Micro traded at 6.4x forward earnings near its five-year low. The article says the rebound depends on a final gross margin of at least 12%, positive operating cash flow after negative free cash flow of $7.0 billion in fiscal 2026, and fiscal 2027 revenue guidance of $65 billion to $72 billion being held or raised.
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Related tickers and likely impact
NVDA
▲ Likely positiveNvidia
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 11/02/2026 | 202.06 |
| Change that session | -1.26% |
QQQ
▲ Likely positiveInvesco QQQ Trust
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 11/02/2026 | 681.09 |
| Change that session | -1.36% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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