Mackenzie Tatananni
Super Micro Computer and Vertiv Holdings got a lift from Nvidia's fiscal-first-quarter earnings on Thursday, as what started as an encouraging sign for artificial-intelligence demand spilled over into other sectors.
The company's latest financials appeared to be a boon to the providers of data-center solutions, including longtime partner Super Micro, which is seeing shares rise 3.7% to $43.53 in early trading.
Super Micro designs and manufactures servers that incorporate Nvidia's high-powered GPUs. The stock took off in late 2023 as AI enthusiasm mounted, but lately it has been tamped down by disappointing financial results and lingering concerns about the company's accounting practices.
Shares of Vertiv, another Nvidia collaborator, were up 4.7% at $114.30 in early Thursday trading. The company operates in the digital-infrastructure space and is perhaps best known for its data-center cooling solutions. Vertiv unveiled a partnership with the chip maker in March 2024, when it joined the Nvidia Partner Network as a consultant.
Nvidia stock itself was up 5.5% in early Thursday trading. Futures tracking the S&P 500 and tech-heavy Nasdaq Composite rose 1% and 1.4%, respectively.
The chip maker's gains began in post-market trading Wednesday, after Nvidia reported adjusted earnings and revenue that topped Wall Street's already lofty expectations. The beat signaled that demand for AI services has not only persisted, but has continued to grow, even as Nvidia's business in China faced headwinds.
The first-quarter print has sweeping implications for companies that support the buildout of hyperscale data centers. As long as tech behemoths continue to invest in the technology, players such as Super Micro and Vertiv will serve a critical role. It appears the AI boom is far from going bust.
Write to Mackenzie Tatananni at mackenzie.tatananni@barrons.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
May 29, 2025 09:03 ET (13:03 GMT)
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