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Super Micro Soars on AI Demand, Qualcomm Dips
5 Feb
Summary
- Super Micro's sales forecast signals strong AI data center demand.
- Qualcomm shares fell on a weak revenue forecast due to shortages.
- Alphabet's AI spending projection caused a significant stock drop.
Super Micro Computer Inc. experienced a significant stock market gain, closing 13.78% higher. This surge was driven by the company's optimistic sales forecast for the current quarter, suggesting robust demand for its hardware supporting AI data centers. The San Jose, California-based company anticipates revenue of at least $12.3 billion for the period ending March 31.
Conversely, Qualcomm Inc. saw its shares decline in extended trading. As a leading manufacturer of smartphone processors, the company issued a weak revenue forecast for the current period. This outlook has amplified concerns regarding potential impacts of component shortages on consumer demand and associated price increases.
Alphabet Inc. faced a substantial downturn, with its shares plummeting over 7% in after-hours trading. The technology giant surprised investors by announcing plans for significantly higher spending in 2026. This projected increase in expenditure, particularly related to the burgeoning field of artificial intelligence, appears to have unnerved the market.
