AI server makers Dell, HPE jump after Super Micro's strong outlook
DELL•Recent share moves
With moves on Wednesday, Dell has surged about 250%, HPE is up 106%, while Super Micro is up about 7%.
AI buildout in focus with Alphabet earnings
Investors will get critical insight on the AI buildout later on Wednesday, especially with Google parent Alphabet's GOOGL.O earnings on deck after the bell.
GOOGL shares were up 0.5% on Wednesday.
Nvidia's NVDA.O stock edged up fractionally, while Advanced Micro Devices AMD.O was up 0.4%.
AI server makers rise after Super Micro outlook
Shares of AI server makers Dell Technologies DELL.N and Hewlett Packard Enterprise HPE.N jumped on Wednesday in the wake of Super Micro's SMCI.O upbeat preliminary results.
Super Micro shares popped more than 20% after the company said late Tuesday it secured more than $60 billion in new orders in fiscal Q4 and sees gross margins of 15%-17%, nearly double its previous forecast.
Dell rose nearly 10% and HPE gained 5% on the session.
AI infrastructure firms have seen increased demand as tech firms and hyperscalers ramp up investments in data centers to support large language models and other AI applications.
