Quick Read – SMCI surged 13% after Super Micro Computer’s Q4 gross margin guidance jumped to 15%-17%, far above prior 8% guidance, pulling DELL and HPE shares higher. – NVIDIA silicon powers all three AI server makers, with Super Micro Computer reporting GPU-related platforms…
iving over 80% of its revenue. – Bears cite governance concerns and a $7B dilution overhang, while bulls point to the record backlog ahead of Super Micro Computer’s August 11 earnings. – Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Dell Technologies didn’t make the cut. Grab the names FREE today
Super Micro Computer (NASDAQ:SMCI) shares are up 13% to $28.75 in Wednesday morning trading after the company delivered a preliminary Q4 FY2026 business update that stunned the margin bears. The rally appears to be pulling Super Micro’s AI server peers higher, with Dell Technologies (NYSE:DELL) stock up 2% to $414 and Hewlett Packard Enterprise (NYSE:HPE) shares up 1% to $47.22. The move caps a bruising stretch for Super Micro Computer shares, which entered the session down 13% year to date (YTD) and off 50% over the past year.
Wednesday’s pop reframes the setup heading into the full August 11 report. Margin Guide Silences the Bears The catalyst is a preliminary update Super Micro Computer released after Tuesday’s close. The company disclosed more than $60 billion in new orders booked during the quarter ended June 30, with backlog at record levels.