Super Micro Computer Stock Surges 8.3% on India AI Server Expansion Plans
Super Micro Computer shares jumped 8.27% to $32.17 after news of its potential Make in India AI server expansion. The company posted Q2 EPS of $0.69 on revenue of $12.68 billion, topping estimates, and guided Q3 adjusted EPS of $0.60 with revenue around $12.3 billion.
1. Stock Performance
Super Micro Computer shares closed at $32.17, up 8.27% on the day, hitting an intraday high of $32.20 and low of $30.99, within a 52-week range of $27.60 to $62.47.
2. Make in India AI Server Expansion
The company is evaluating an expansion of its Make in India program to manufacture AI servers domestically, responding to government incentives and rising enterprise demand for localized AI infrastructure.
3. Q2 Earnings Beat Estimates
In Q2, SMCI reported non-GAAP EPS of $0.69 with revenue of $12.68 billion, both exceeding projections as sales more than doubled year over year despite some margin pressure.
4. Q3 Guidance Signals Continued Momentum
For Q3, management projected adjusted EPS of $0.60 and revenue around $12.3 billion, indicating expectations for sustained demand growth in its AI and server business.