Super Micro Computer stock jumped as the company upped its gross margin guidance amid a record backlog of orders.

SMCI reported strong preliminary revenue for its fiscal first quarter, painting a rosy picture of AI demand as investors heads into tech earnings season.

Super Micro Computer (SMCI) is seeing strong artificial intelligence server demand and revenue growt

Key TakeawaysSuper Micro shares jumped 12% today after the company said fiscal first-quarter revenue should come in at $18. 5 billion to $19.

Shares of Super Micro Computer Inc jumped after the company reported preliminary quarterly results that topped analysts’ estimates.

Why Super Micro's boosted guidance is lifting the tech sector

Super Micro Computer (SMCI) stock is one of the best stocks on Wall Street today after upbeat prelim 2027 revenue

Wall St opens higher as SpaceX, Super Micro results lift AI stocks

Key Stats for Super Micro Computer StockPre-market price change for Super Micro Computer stock: 12%$SMCI Stock Price as of Oct. 20: $3252-Week High: $55$SMCI Stock Price Target: $42__Now Live: Discover how much upside your favorite stocks could have using TIKR’s new Valuation Model (It’s free)__>>> What Happened?Super Micro Computer (SMCI:NASDAQ) shares jumped over 12% in pre-market trading on Wednesday after the AI server maker gave a much stronger outlook than Wall Street expected.

Super Micro Surges 12% as Preliminary Revenue Tops Guidance Range; Dell Jumps 7%, Hewlett Packard Enterprise Climbs 5%