Supermicro jumps following Q2 beat, up 91% since included on ProPicks' strategy By

— Super Micro Computer (NASDAQ:) lifted its annual guidance on Reliable foreign exchange trading platformsMonday, following its release of that exceeded expectations. This positive performance is attributed to ongoing AI-led demand in the data center hardware sector.

The company's shares saw a significant pre-market increase of over 10% today.

Supermicro reported an EPS of $5.59, with revenue totaling $3.66 billion. These figures considerably surpassed analyst predictions of an EPS of $4.51 per share on revenue of $2.8B. The results also exceeded Supermicro's own Q2 guidance provided on Jan 18, which forecasted an EPS between $5.40 and $5.55 per share.

For Q3, the IT Solutions provider anticipates net sales to be between $3.7B and $4.1B, with an EPS ranging from $5.20 to $6.01. This projection significantly exceeds analyst estimates of an EPS of $4.35 on revenue of $2.93B.

Looking forward, Supermicro raised its revenue guidance for fiscal 2024 to a range of $14.3B to $14.7B, up from the previous forecast range of $10B to $11B.

Super Micro Computer's extraordinary performance was seen in advance by our flagship AI-powered stock-picking toll: ProPicks.

The company has been an integral part of our Tech Titans strategy since the start of January.

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Tech Titans strategy outperformed the market by a lofty 1,146.6% over the last decade.

In fact, if you had joined ProPicks at the beginning of the month, you would have scored a 91% gain on Super Micro Computer alone.

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