Stocks of super micro computers rise as demand for artificial intelligence boosts shipments

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• Shares of Super Micro Computer rose on Monday as the server maker reported strong shipments of GPUs, driven by artificial intelligence (AI) demand.

• The server maker said it recently deployed 100,000 GPUs. with its liquid cooling technology at “some of the largest” AI factories.

• CEO Charles Liang said “high-end” data center operators are turning to Super Micro Computer products to meet their technical and financial goals.

Super Micro Computer (SMCI) shares rose on Monday as the server maker reported strong shipments of graphics processing units (GPUs), driven by artificial intelligence (AI) demand.

The company said it recently deployed 100,000 GPUs with its liquid-cooling technology in “some of the largest AI factories ever built.”

Super Micro Computer also announced a new line of direct liquid cooling products for servers that it said could help AI firms lower their energy costs.

CEO Charles Liang said the company’s liquid cooling solutions “now cool massive next-generation AI factories, reducing costs and improving performance.” Liang added that data center operators come to Super Micro Computer “to meet their technical and financial goals for both green site construction and existing data center upgrades.”

Shares of Super Micro Computer rose more than 13 percent to $46.77 in intraday trading on Monday and have gained about two-thirds of their value since the start of the year. Shares of AI chip maker Nvidia (NVDA), a partner of Super Micro Computer, also got a boost on Monday and has doubled in value so far in 2024.

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CORRECTION—Oct. 7, 2024: This article has been corrected to reflect Super Micro Computer reported that it has deployed 100,000 graphics processing units (GPUs).

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