Why Super Micro Computer Shares Are Moving Higher Tuesday
Portfolio Pulse from Dylan Berman
Super Micro Computer (NASDAQ:SMCI) shares are rising after the company announced the addition of three new manufacturing facilities focused on liquid-cooled solutions. The company expects significant growth in liquid-cooled data centers due to increasing AI factory demands.
June 18, 2024 | 6:15 pm
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Super Micro Computer (NASDAQ:SMCI) is expanding its manufacturing capabilities with three new facilities focused on liquid-cooled solutions, anticipating a significant increase in demand from AI factories.
The announcement of new manufacturing facilities focused on liquid-cooled solutions is a strategic move to meet the growing demand from AI factories. This expansion is likely to drive revenue growth and positively impact the stock price in the short term.
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