Super Micro Computer, Inc. (NASDAQ:SMCI) shares are trading higher Friday as AI and chip stocks gain following Microsoft Corporation's (NASDAQ:MSFT) earnings.
The Details:
Microsoft delivered better-than-expected earnings after the bell Thursday. Microsoft CEO Satya Nadella highlighted strong demand for the company's offerings, particularly in the field of artificial intelligence (AI).
SMCI shares also rose Thursday after Meta Platforms, Inc. (NASDAQ:META) reported its first-quarter results and increased its capital expenditures outlook amid the company's AI efforts.
SMCI is set to report its third-quarter financial results after the bell on April ...