Shares of Super Micro Computer (SMCI.O) jumped 25% on Wednesday after the
AI-server maker raised fiscal fourth-quarter gross-margin guidance to 15-17%,
roughly double its prior 8.2-8.4% target. A JPMorgan analyst said the surprise
margin expansion implies Q4 EPS could be at least 80% above current Wall Street
estimates, though investors may question sustainability in coming weeks.
JPMorgan also said the company secured more than $60 bln of new orders this
quarter, exceeding its own expectations and signaling strong demand; peers
including Dell and HPE saw their shares rise.