• Nvidia and Super Micro Computer shares surged Monday.

  • Shares jumped after an update from Super Micro said the company is shipping 100,000 GPS a quarter.

  • Nvidia and Super Micro Computer’s market valuations rose by $117B and $4B on Monday, respectively.

Nvidia bucked the broader market decline on Monday and surged after Super Micro Computer said it is shipping more than 100,000 GPUs per quarter.

Shares of Nvidia gained 4% to hit about $130 per share, representing its highest level since late-August. Meanwhile, shares of Super Micro Computer gained as much as 18%.

In a presss release touting its new liquid-cooling solutions for heat-intensive AI data centers, Super Micro Computer said it’s “currently shipping over 100,000 GPUs per quarter.”

“Supermicro recently deployed more than 100,000 GPUs with liquid cooling solution for some of the largest AI factories ever built,” the company said in the press release.

According to data from Bloomberg, Super Micro Computer is Nvidia’s third largest customer, representing about 9% of its total revenue. On the flip side, about 70% of Super Micro Computer’s cost of goods sold is for Nvidia products.

Investors appeared to take Super Micro Computer’s update as a read-through that demand remains strong for Nvidia’s GPU chips.

The update follows last week’s remarks from Nvidia CEO Jensen Huang, who told CNBC that the company is experiencing “insane” demand for its next iteration of AI-enabling chips.

“Blackwell is in full production, Blackwell is as planned,” Huang said. “Everybody wants to have the most and everybody wants to be first.”

Nvidia is currently shipping its next-generation Blackwell GPUs, which Super Micro Computer alluded to in a description of its new liquid-cooling product.

“Specifically designed CDMs to enable the highest GPU per rack density with up to 96 Nvidia B200 GPUs per rack,” Super Micro Computer said.

Monday’s gain added about $117 billion and $4 billion to the market valuations of Nvidia and Super Micro Computer, respectively, according to data from YCharts.

Read the original article on Business Insider

Read the full article here

Share.

Leave A Reply

Your road to financial

freedom starts here

With our platform as your starting point, you can confidently navigate the path to financial independence and embrace a brighter future.

Registered address:

First Floor, SVG Teachers Credit Union Uptown Building, Kingstown, St. Vincent and the Grenadines

CFDs are complex instruments and have a high risk of loss due to leverage and are not recommended for the general public. Before trading, consider your level of experience, relevant knowledge, and investment objectives and seek financial advice. Vittaverse does not accept clients from OFAC sanctioned jurisdictions. Also, read our legal documents and make sure you fully understand the risks involved before making any trading decision

Exit mobile version