Server maker Super Micro Computer lifted its fully year sales outlook, signalling growing demand for AI chips.
The company, which works closely with Nvidia, now expects $14.7bn to to $15.1bn in sales for its fiscal year that will end in June, better than the $14.6bn analysts expect.
Revenues rose 200 per cent from a year ago in Super Micro’s most recent quarter, but were slightly below consensus estimates at $3.85bn. Earnings per share rose more than expected, by 15 per cent, to $6.65 a share.
Separately, US chip designer AMD on Tuesday gave modest guidance for the current quarter, estimating revenue of between $5.4bn and $6bn, with consensus estimates at the midpoint. Its sales and profits last quarter were both slightly above expectations.
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