Super Micro Computer Inc (NASDAQ:SMCI) shares are trading higher Thursday. The stock appears to be moving in sympathy with Nvidia, despite announcing an offering late Wednesday.
NVDA Q4 Earnings: Nvidia reported fourth-quarter revenue of $22.1 billion, which beat the consensus estimate of $20.62 billion. The company reported quarterly earnings of $5.16 per share, which beat estimates of $4.64 per share.
Nvidia guided for fiscal first-quarter revenue of approximately $24 billion, plus or minus 2%, versus estimates of $22.16 billion.
“Accelerated computing and generative AI have hit the ...