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Super Micro Shares Surge on AI Demand Outlook
Super Micro Computer shares rose 9.12% after the company raised its fiscal first-quarter 2027 revenue estimate to $18.5 billion-$19.5 billion, citing stronger demand for AI platforms. The company's forecast for first-quarter revenue above expectations led to a more than 13% rise in premarket trading. Rosenblatt raised its Super Micro price target to $57 and increased its fiscal 2027 revenue estimate to $80 billion from $68.5 billion, while maintaining a Buy rating. Super Micro Computer shares also gained 11.5% at the U.S. market open, with AI shares advancing and the Nasdaq increasing 0.61%.