Super Micro Computer rides AI server boom to join S&P 500

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 92%

Technology Technology Headlines News

Technology Technology Latest News,Technology Technology Headlines

Chipmaker enjoys a rare advantage among server makers that are trying to tap the generative AI boom

), which joins the S&P 500 on Monday, enjoys a rare advantage among server makers that are trying to tap the generative AI boom - close ties with Nvidia (The company has historically been among the first to receive artificial intelligence chips from Nvidia and Advanced Micro Devices as it helps them check server prototypes, giving it a head start over rivals, analysts and industry experts said.

“Super Micro has developed a model that is very, very quick to market. They usually have the widest portfolio of products when a new product comes out from Nvidia or AMD or Intel,” said Hans Mosesmann, an analyst at Rosenblatt Securities. That optimism is reflected in Super Micro’s growing market value, which now stands at $60 billion, compared with some $5 billion before the launch of ChatGPT in November 2022.

Super Micro’s tech, developed in-house, involves putting cold liquid over a plate placed on top of a chip and cuts power consumption by about 40% compared with air cooling.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in TECHNOLOGY

Technology Technology Latest News, Technology Technology Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BofA lifts 2024 S&P 500 profit forecast as AI enters 'virtuous cycle'The brokerage raised its 2024 earnings per share (EPS) forecast for the index companies to $250 from the previously expected $235. BofA strategists said...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »