What’s happening with Super Micro Computer stock on Monday?

What’s happening with Super Micro Computer stock on Monday?

Super Micro Computer, Inc. (NASDAQ: SMCI) operated the Data section, Apple Inc (NASDAQ: AAPL) Foxconn, Japanese electronics company KDDI and telecommunications partner Sharp to create a large-scale Asian market. artificial intelligence data center.

Sharp and KDDI proposed transforming a factory site in Japan into a data center powered by Nvidia Corp. (NASDAQ: NVDA) advanced chips, Nikkei Asia reports.

Super Micro Computer’s stock price increased after the update. Additionally, the broader semiconductor index recovered from a selloff Friday as the Biden administration imposed restrictions on AI technology. Middle East.

Working with systems integrator Datasection, Supermicro will develop Total IT rack-scale liquid-cooled solutions for the new data center, leveraging advanced Nvidia GPUs.

Additionally, Supermicro plans to build a liquid-cooled system with pipelines, water towers and monitoring equipment.

Built on the former Sharp Sakai factory, the new facility will support advanced systems optimized for the Nvidia AI Enterprise platform and deliver powerful performance for cutting-edge LLM, ML and generative AI applications.

Charles Liang, CEO of Supermicro, said: “Our new industry-leading Direct Liquid Cooling (DLC) solutions are exactly the best for hyper-dense AI rack deployments that can reduce energy costs and have a lower environmental impact.

Analysts reported continued sales momentum for Supermicro, hailing it as a pure-play AI server provider, aided by strong demand from Supermicro. CSP and level 2 companies.

Super Micro Computer stock has gained 251% over the past 12 months. Investors can gain exposure to the stock via ERShares Entrepreneurs ETF (NASDAQ: ENTR) and Global X ETF for Data Centers and Digital Infrastructure (NASDAQ:DTCR).

Price action: SMCI shares were up 2.04% at $800.50 premarket at last check Monday.

Photo via company

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This item What’s happening with Super Micro Computer stock on Monday? originally appeared on Benzinga.com

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