Supermicro CEO Tony Leung.
Source: AMD
super microcomputer Shares of the computer server company rose 15% after the company said it shipped more than 100,000 graphics processing units used in artificial intelligence each quarter.
If the average GPU price is around the cost of Nvidia’s $30,000 chip, that could lead to billions of dollars in orders. GPU information is at announcement About a new cooling product Super Micro launched on Monday.
As one of the biggest beneficiaries of the artificial intelligence boom, AMD’s computers are used by companies as servers for data storage, websites, artificial intelligence training models, and more. The company said its new cooling products will allow data centers to reduce hardware costs and cooling infrastructure expenses for servers that typically require continuous operation.
Super Micro also said it has recently deployed more than 100,000 GPUs with liquid cooling solutions “for some of the largest artificial intelligence factories ever built” as well as other cloud service providers.
While the news was cheered by Wall Street, AMD is about nine weeks behind schedule in its annual report, which is expected to be released in August. The company said late that month that management needed more time “to complete an assessment of the design and operating effectiveness of internal controls over financial reporting as of June 30, 2024.”
Even after Monday’s gains, the stock is still down more than 50% since its peak in March. On September 26, the stock fell 12% wall street journal The Justice Department reportedly launched an investigation into the company after short-seller Hindenburg Research released a report in which it claimed to have found “new evidence of accounting manipulation.”
watch: Super Micro Stock Is a ‘Very Dangerous Buy’
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