Super Micro Computer is trading 4.6% up at $32.57 as investors position ahead of the August 11 fiscal fourth-quarter earnings release and conference call.
- Previously disclosed quarterly orders exceeded $60 billion, while expected gross margins of 15%-17% are substantially above prior guidance of 8.2%-8.4%, attributed to favorable customer and product mix.
- Broader markets are slightly weaker, making the move appear primarily company-specific.
- The stock continues its recent momentum after rising 5.96% on August 7.