Super Micro bets on AI server demand to provide upbeat forecast, shares soar

Super Micro Computer forecast fourth-quarter revenue and adjusted profit above Wall Street estimates on Tuesday, banking on robust demand for its artificial intelligence servers, sending its shares up 18% in extended trading.

The projections will likely reassure investors following the U.S. Justice Department in March ‌charging three ⁠people linked ⁠to the company for helping smuggle billions of dollars of AI chips to China.