AI Stocks Rally After Super Micro Preliminary Sales Bring Relief

(Bloomberg) — The shares of AI-related companies rallied in after-hours trading on Tuesday after strong preliminary results from server-maker Super Micro Computer Inc. spurred relief about the outlook for spending on the technology.

Dell Technologies Inc. and Hewlett Packard Enterprise Co., which both compete with Super Micro in providing computing equipment, jumped more than 5%, while so-called neocloud companies CoreWeave Inc.