🟢 SMCY is trading 11% up today as SMCI raises revenue outlook on AI demand

SMCY is trading at $4.54, up 11.00% in live trading as underlying Super Micro Computer rallies following its stronger outlook on AI-platform demand.

• Super Micro forecast first-quarter revenue of $18.5 billion–$19.5 billion, above its prior forecast and analysts’ expectations.
• The company also raised its gross-margin outlook, citing AI-platform demand.
• Reuters reported SMCI jumped nearly 13% on October 21 after the forecast update.