WS #16237
Super Micro Computer surged 12% after raising its Q1 revenue outlook to $18.5B-$19.5B, citing robust AI demand. This was corroborated by reports of SpaceX's Q3 revenue jumping 161% year-over-year, validating the capital expenditure cycle in the AI infrastructure sector. The combined effect has reversed the prior day's tech weakness, with Nasdaq futures climbing as investors reassess the durability of the AI build-out.
AI Infrastructure Rally
Super Micro Computer surged 12% after raising its Q1 revenue outlook to $18.5B-$19.5B, citing robust AI demand. This was corroborated by reports of SpaceX's Q3 revenue jumping 161% year-over-year, validating the capital expenditure cycle in the AI infrastructure sector. The combined effect has reversed the prior day's tech weakness, with Nasdaq futures climbing as investors reassess the durability of the AI build-out.