U.S. Stock Market Movements | First-quarter revenue outlook exceeds expectations, Super Micro Computer (SMCI.US) opens up more than 16%

According to Zhito Finance APP, on Wednesday, Supermicro Computer (SMCI.US) opened with a surge of over 16%, now priced at $36.75. In terms of news, Supermicro's revenue guidance for the current quarter far exceeds analysts' estimates, further confirming that the booming artificial intelligence (AI) market continues to drive the sales growth of its server products. The company announced on Tuesday that it expects revenue for the quarter ending in September to reach between $14.5 billion and $15.5 billion, with adjusted earnings per share expected to be between $1.01 and $1.10. Market compilation data shows that analysts have an average revenue expectation of about $12 billion and earnings per share of $0.74, while this forecast even surpasses the most optimistic market prediction of $13.3 billion in revenue.