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Supermicro Stock Is Soaring Today. Should You Buy The Hot AI Stock Before May 6?
Shares of Super Micro Computer (NASDAQ: SMCI) are rising on Thursday. The company's stock gained 4.9% as of 2:11 p.m. ET and had gained as much as 5.2% earlier in the day. The leg up comes as the S&P 500 gained 1% and the Nasdaq Composite gained 2% on the day.A day after dropping nearly 20%, the AI server company's stock is rising after Microsoft and Meta Platforms reiterated in their Wednesday earnings calls that artificial intelligence (AI) spending was continuing apace.Microsoft confirmed yesterday it's on track to spend $80 billion in capital expenditures (capex) while Meta raised its capex forecast for the year by as much as $7 billion, now expecting to spend between $64 billion and $72 billion. The vast majority of these spends will be targeted toward AI infrastructure. Continue reading
Shares of Super Micro Computer (NASDAQ: SMCI) are rising on Thursday. The company's stock gained 4.9% as of 2:11 p.m. ET and had gained as much as 5.2% earlier in the day. The leg up comes as the S&P 500 gained 1% and the Nasdaq Composite gained 2% on the day.
A day after dropping nearly 20%, the AI server company's stock is rising after Microsoft and Meta Platforms reiterated in their Wednesday earnings calls that artificial intelligence (AI) spending was continuing apace.
Microsoft confirmed yesterday it's on track to spend $80 billion in capital expenditures (capex) while Meta raised its capex forecast for the year by as much as $7 billion, now expecting to spend between $64 billion and $72 billion. The vast majority of these spends will be targeted toward AI infrastructure.
