After raising its annual sales and net income outlook on September 30, 2023, Supermicro Computer (SMMI) rose about 12% in pre‑market trading. On the same day, Dell Technologies (Dell) and Hewlett Packard Enterprise (HPE) also showed gains of about 5% and 4%, respectively, with all three companies drawing attention as AI server suppliers.
After improving sales and profitability over six years, SMI announced an upward outlook based on recent first‑quarter results. Consequently, investors expected the AI infrastructure demand that SMI is positioned for, and the stock reacted accordingly. At the same time, Dell and HPE also rose because they are AI server‑related stocks, reflecting a concurrent trend across the industry.
In a related development, memory technology company Netlist applied for a patent with the U.S. International Trade Commission (ITC), and along with SMI, HPE, Micron, etc., their shares fell about 4% and 3%. It is necessary to distinguish whether this reflects structural evidence of AI demand or short‑term expectations. At present, the extent to which Supermicro has announced an improvement in sales and profitability remains uncertain, and pre‑market trading figures may differ from the official announcement.