Super Micro Computer (SMCI) rallied Monday after the server company announced it’s shipping more than 100,000 graphics processing units per quarter.
SMCI stock rose 15.8% to close at 47.74, reclaiming its 21-day line. The shares were up a fraction in late trading.
Super Micro “recently deployed” the GPUs “with liquid solution for some of the largest AI factories ever built,” the company said in a statement. The San Jose, Calif.-based company said it is “currently shipping over 100,000 GPUs per quarter.”
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“Super Micro continues to innovate, delivering full data center plug-and-play rack scale liquid cooling solutions,” CEO Charles Liang said in a statement.
The stock rally marked a huge comeback for SMCI stock which crashed late last month on a report that it was the target of a Justice Department investigation.
The DOJ was reportedly looking into alleged accounting irregularities after an activist short-selling firm published a report critical of the company.
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