financetom
Business
financetom
/
Business
/
Super Micro shares surge as AI boom drives 100,000 quarterly GPU shipments
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Super Micro shares surge as AI boom drives 100,000 quarterly GPU shipments
Oct 7, 2024 9:57 AM

(Reuters) - Super Micro Computer ( SMCI ) said on Monday it is currently shipping more than 100,000 graphics processors per quarter and unveiled a new suite of liquid cooling products, sending the AI server maker's shares up about 14% following a weeks-long slump.

A boom in generative artificial intelligence technology has bumped up demand for the hardware required to process the large amounts of data genAI uses, helping Super Micro, which makes servers featuring leading AI chips including Nvidia's ( NVDA ).

It "recently deployed more than 100,000 GPUs with liquid cooling solution (DLC) for some of the largest AI factories ever built," Super Micro said in a statement.

The company is acclaimed for its liquid cooling technology, which boasts greater power-saving than the air cooling techniques used in some data centers. It is also typically among the first to receive Nvidia's ( NVDA ) coveted AI chips.

Nvidia's ( NVDA ) shares were up more than 3%.

Monday's rally provides a breath of relief to Super Micro's investors after the stock was slammed by mounting troubles, including Hindenburg Research disclosing a short position in the company last month.

Short interest in Super Micro is just over 20% of its free float, worth about $3.59 billion, market research firm Ortex estimated.

"If this is related to short sellers trying to buy back shares or not is too early to tell at this point, but at the current price, short sellers are making short-term losses and may choose to close their positions," Ortex said, noting this could have added to the stock's gains on the day.

Super Micro's shares lost more than 9% of their value over the last two weeks, but are still up more than 66% this year, benefiting from a rally in AI-linked shares amid Wall Street's booming "picks-and-shovels" trade.

The company also launched a new range of DLC products, which would enable the "highest GPU per rack density", with up to 96 of Nvidia's ( NVDA ) Blackwell B200 chips per rack.

"Providing demonstrable solutions will help the company gain market share, especially once the newer Nvidia Blackwell GPUs come to market later this year," said Gadjo Sevilla, senior AI and tech analyst for eMarketer.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Form 8.3 - BAKKAVOR GROUP PLC
Form 8.3 - BAKKAVOR GROUP PLC
Oct 29, 2025
LONDON--(BUSINESS WIRE)--   FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”) 1. KEY INFORMATION (a) Full name of discloser: Verition Fund Management LLC (b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee...
Form 8.3 - AMERICAN AXLE & MANUFACTURING HOLDINGS, INC.
Form 8.3 - AMERICAN AXLE & MANUFACTURING HOLDINGS, INC.
Oct 29, 2025
LONDON--(BUSINESS WIRE)--   FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”) 1. KEY INFORMATION (a) Full name of discloser: Verition Fund Management LLC (b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee...
Form 8.3 - ALPHAWAVE IP GROUP PLC
Form 8.3 - ALPHAWAVE IP GROUP PLC
Oct 29, 2025
LONDON--(BUSINESS WIRE)--   FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”) 1. KEY INFORMATION (a) Full name of discloser: Verition Fund Management LLC (b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee...
Form 8.3 - INTERNATIONAL PERSONAL FINANCE PLC
Form 8.3 - INTERNATIONAL PERSONAL FINANCE PLC
Oct 29, 2025
LONDON--(BUSINESS WIRE)--   FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”) 1. KEY INFORMATION (a) Full name of discloser: Verition Fund Management LLC (b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee...
Copyright 2023-2026 - www.financetom.com All Rights Reserved