Super Micro Computer experienced a remarkable stock increase of over 15% on Monday, October 7, following the announcement that it had shipped more than 100,000 graphics processing units (GPUs) for AI applications in the latest quarter, reflecting robust market demand.
According to CNBC, if the average price of these GPUs aligns with Nvidia’s chips, typically priced around $30,000, this could result in billions of dollars worth of orders for Super Micro.
The company’s stock closed the day up 15.79% at $47.74 per share, marking its biggest single-day lift in seven months.
In a press release detailing its new cooling products, Super Micro highlighted the GPU figures, stating, “Super Micro has recently deployed over 100,000 GPUs equipped with direct liquid cooling solutions (DLC) for some of the largest AI factories and other cloud service providers.”
The press release, titled “Super Micro Solidifies Leadership Position in Complete Rack-Level Liquid Cooling Solutions — Currently Shipping Over 100,000 GPUs Per Quarter,” emphasized the launch of a comprehensive liquid cooling system, which includes cooling distribution units (CDUs), cooling towers, and other technologies. The company noted that its products “reduce ongoing energy costs as well as expenses related to hardware procurement and data center cooling infrastructure.”
Given that AI computing demands significant power, server operators are increasingly advocating for liquid cooling solutions to prevent hardware overheating and improve operational efficiency.
While the market has responded positively to this news, Super Micro has yet to release its annual financial report, which has been delayed by approximately nine weeks from its original August date. Back in late August, the company indicated that management required more time to “complete the assessment of the internal control design and operating effectiveness for the financial report for the period ending June 30, 2024.”
Although Monday’s stock surge is promising, shares have still fallen over 50% since their peak in March. Notably, on September 26, the stock dropped by 12% after The Wall Street Journal reported that the U.S. Justice Department has initiated an investigation into Super Micro, following a claim by short-seller Hindenburg Research alleging new evidence of accounting manipulation.
