Super Micro Computer shares are trading higher after Elon Musk indicated the company will provide server racks for the supercomputer that xAI is building.
Portfolio Pulse from Benzinga Newsdesk
Super Micro Computer shares are trading higher after Elon Musk indicated the company will provide server racks for the supercomputer that xAI is building.
June 20, 2024 | 11:46 am
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POSITIVE IMPACT
Super Micro Computer (SMCI) shares are experiencing a boost following Elon Musk's announcement that the company will supply server racks for xAI's supercomputer project.
The announcement by Elon Musk is a significant endorsement for Super Micro Computer, likely leading to increased investor confidence and a positive short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100