Nvidia, Super Micro Computer Surge In Pre-Market: What's Powering AI Stalwarts' Stocks?
Portfolio Pulse from Shanthi Rexaline
Nvidia (NVDA) and Super Micro Computer (SMCI) surged in pre-market trading due to strong AI server demand reported by supplier Foxconn (HNHPF). Foxconn's record June quarter revenue and positive outlook for AI servers contributed to the optimism. Nvidia's upcoming earnings report on August 28 is seen as a key catalyst.
August 14, 2024 | 12:03 pm
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POSITIVE IMPACT
Nvidia's stock rose 1.76% in pre-market trading due to strong AI server demand reported by supplier Foxconn. Nvidia's upcoming earnings report on August 28 is seen as a key catalyst.
Foxconn's report of strong AI server demand and record revenue positively impacts Nvidia, a key player in AI technology. The upcoming earnings report adds to the bullish sentiment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Super Micro Computer's stock climbed 1.74% in pre-market trading due to strong AI server demand reported by Foxconn. The stock had previously fallen after a fiscal Q4 earnings miss.
Foxconn's report of strong AI server demand positively impacts Super Micro Computer, which manufactures AI servers. The stock is rebounding after a previous earnings miss.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100