Aug 6 (Reuters) - Super Micro Computer ( SMCI ) forecast

first-quarter revenue above analysts' estimates on Tuesday and

announced a 10-for-1 stock split following a rally in its shares

as Wall Street bets heavily on the future of generative AI

technology.

Shares of the San Jose, California-based company surged

12% in extended trading. AI front-runner Nvidia's shares rose 4%

while Arm Holdings was up 2.6% following results.

The company's share price has more than doubled so far

this year, driven by a months-long rise in AI-linked stocks as

investors poured billions of dollars into genAI technology.

Trading will commence on a split-adjusted basis on October

1, 2024.

Super Micro is one of the biggest beneficiaries of a surge

in spending on advanced data center architecture, which support

the complex processing needs of genAI.

Super Micro's results may also help allay some concerns of

the AI rally tapering off, following disappointing results from

large cloud providers like Microsoft and weak

macroeconomic data which prompted a sell-off in chip stocks last

week.

The company expects net sales between $6 billion to $7

billion for the first quarter, compared to analysts' average

estimate of $5.46 billion, according to LSEG data.