Super Micro Computer said on Monday it is currently shipping more than 100,000 graphics processors per quarter and unveiled a new suite of liquid cooling products, sending the AI server maker’s shares up about 14 per cent following a weeks-long slump.
A boom in generative artificial intelligence technology has bumped up demand for the hardware required to process the large amounts of data genAI uses, helping Super Micro, which makes servers featuring leading AI chips including Nvidia’s.
It “recently deployed more than 100,000 GPUs with liquid cooling solution (DLC) for some of the largest AI factories ever built,” Super Micro said in a statement.
The company is acclaimed for its liquid cooling technology, which boasts greater power-saving than the air cooling techniques used in some data centers. It is also typically among the first to receive Nvidia’s coveted AI chips.
Nvidia’s shares were up more than 3 per cent.
Monday’s rally provides a breath of relief to Super Micro’s investors after the stock was slammed by mounting troubles, including Hindenburg Research disclosing a short position in the company last month.
Short interest in Super Micro is just over 20 per cent of its free float, worth about $3.59 billion, market research firm Ortex estimated.
“If this is related to short sellers trying to buy back shares or not is too early to tell at this point, but at the current price, short sellers are making short-term losses and may choose to close their positions,” Ortex said, noting this could have added to the stock’s gains on the day.
Super Micro’s shares lost more than 9 per cent of their value over the last two weeks, but are still up more than 66 per cent this year, benefiting from a rally in AI-linked shares amid Wall Street’s booming “picks-and-shovels” trade.
The company also launched