🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

Startup Showcase

Premium Content

Try our Valuation Calculator →

News on Medial

Super Micro Computer gets extension to file delayed annual report

Economic Times

Economic Times · 7m ago

Super Micro Computer gets extension to file delayed annual report

Super Micro Computer has been granted an extension by Nasdaq until February 25 to file its delayed annual and quarterly reports. The AI server maker recently appointed BDO USA as its auditor and submitted a compliance plan to the stock exchange, aiming to file its reports by the deadline. Super Micro's shares saw a 5% increase in after-hours trading following the news. The company highlighted strong demand for its AI servers with liquid cooling technology, which are being sought after by enterprises for powering AI applications. Additionally, Super Micro has initiated a search for a new finance chief based on recommendations from a special committee investigating its accounting practices.

Related News

Meta, Microsoft reports lift AI-related stocks

Economic Times

Economic Times · 2m ago

Meta, Microsoft reports lift AI-related stocks

Shares of AI and cloud-computing companies surged following better-than-expected earnings from Meta Platforms and Microsoft. Nvidia and Advanced Micro Devices saw increases, with Amazon and Alphabet shares also rising. Microsoft's strong Azure growth reassured investors about its AI investments, while Meta's AI tools attracted advertising despite economic uncertainties. Super Micro Computer and C3.AI experienced modest gains, with Super Micro's earlier session slump partly recovered.

US prompts Nvidia probe into how chips ended up in China: reports

Economic Times

Economic Times · 6m ago

US prompts Nvidia probe into how chips ended up in China: reports

The US Department of Commerce has asked Nvidia to investigate how its products ended up in China, according to The Information. Nvidia has requested major distributors like Super Micro Computer and Dell Technologies to conduct checks on their customers in Southeast Asia. Smugglers have been able to evade detection during recent inspections by Super Micro, with some altering serial numbers of servers that contain Nvidia chips. Nvidia has stressed the importance of adhering to export control restrictions, while Dell and Super Micro have stated their commitment to following regulations. The US government has been cracking down on chip exports to China, including banning the sale of high-end AI chips.

Magnificent Seven set to shed $1 trillion in value, led by Apple, Nvidia

Economic Times

Economic Times · 11m ago

Magnificent Seven set to shed $1 trillion in value, led by Apple, Nvidia

Apple and Nvidia led a sell-off in technology stocks on Monday as fears of a U.S. recession and Berkshire Hathaway cutting its stake in Apple weighed on the sector. Shares of Alphabet, Amazon, Meta Platforms, Microsoft, and Tesla also fell. Chip stocks, including Advanced Micro Devices, Intel, Super Micro Computer, and Broadcom, also saw significant declines. The slide in stock prices was influenced by a weak U.S. payrolls report and concerns about the tech industry's outlook. Additionally, reports of design flaws potentially delaying the launch of Nvidia's AI chips impacted the company's shares.

Super Micro slumps on forecast cut, analysts downplay broader AI demand concerns

Economic Times

Economic Times · 2m ago

Super Micro slumps on forecast cut, analysts downplay broader AI demand concerns

Super Micro Computer shares fell 15% after cutting its revenue forecast, citing purchase delays from customers and raising concerns about reduced AI infrastructure spending. While Microsoft's and Amazon's cautious approach to data center expansion reflects this trend, analysts assert Super Micro's issues are not indicative of an industry-wide slowdown. Despite the sharp decline in Super Micro's shares, NVIDIA and AMD experienced minor dips, suggesting investors aren't overly concerned about broader demand.

Dell, Super Micro providing server racks for xAI's supercomputer

Economic Times

Economic Times · 1y ago

Dell, Super Micro providing server racks for xAI's supercomputer

Elon Musk's artificial intelligence startup, xAI, is partnering with Dell Technologies and Super Micro Computer to build a supercomputer. Musk announced on social media that Dell will assemble half of the server racks for the supercomputer, while Super Micro will provide the other half. This collaboration aims to power the next version of xAI's AI chatbot, Grok. The training of AI models like Grok requires a large number of power-hungry chips, which are in short supply. Musk plans to have the supercomputer operational by the fall of 2025.

Hewlett Packard Enterprise secures $1 billion AI server deal for Elon Musk's X, Bloomberg News reports

Economic Times

Economic Times · 6m ago

Hewlett Packard Enterprise secures $1 billion AI server deal for Elon Musk's X, Bloomberg News reports

Hewlett Packard Enterprise secured a deal over $1 billion to supply AI-optimized servers to Elon Musk's X, as reported by Bloomberg News. The agreement, reached last year, saw competition from Dell Technologies and Super Micro Computer. AI servers are in high demand as companies seek hardware for AI applications. Musk's ventures, like Tesla and xAI, are key customers. HPE shares gained 1% following the announcement.

Nvidia closes with $2 trillion valuation as Dell stokes AI rally

Economic Times

Economic Times · 1y ago

Nvidia closes with $2 trillion valuation as Dell stokes AI rally

Nvidia achieved a milestone as its stock market value closed above $2 trillion for the first time on Friday. The surge was fueled by an optimistic forecast from Dell Technologies, which uses Nvidia's processors in its high-end servers. Dell's positive outlook, indicating a surge in orders for its AI-optimized servers, caused its shares to jump by 32% and Nvidia's stock to rise by 4%. This elevated Nvidia to become the third most valuable company on Wall Street, behind Microsoft and Apple. Other chipmakers, including Super Micro Computer, Broadcom, Marvell Technology, and Advanced Micro Devices, also experienced record-high rallies.

Nvidia bets dominate US options market as AI fervour grows

Economic Times

Economic Times · 1y ago

Nvidia bets dominate US options market as AI fervour grows

Investors are flocking to the U.S. options market to gain exposure to the booming artificial intelligence (AI) sector. Options on chipmaker Nvidia, a key player in AI technology, accounted for a significant portion of premium traded in US single-stock options, reaching nearly $3 billion on average daily. The demand for Nvidia's options has surged, with the company briefly reaching a market value of $2 trillion after strong quarterly earnings. Other AI-focused companies, such as Super Micro Computer and Arm Holdings, have also experienced heavy options trading. Despite the frenzied pace, the AI theme is expected to remain popular among investors.

China acquired recently banned Nvidia chips in Super Micro, Dell servers, tenders show

Economic Times

Economic Times · 1y ago

China acquired recently banned Nvidia chips in Super Micro, Dell servers, tenders show

Despite the U.S. ban on selling advanced Nvidia artificial intelligence chips to China, recent tender documents reveal that Chinese universities and research institutes acquired these chips through domestic resellers. The review of tender documents showed that 10 Chinese entities obtained Nvidia chips embedded in server products made by Super Micro Computer Inc., Dell Technologies Inc., and Taiwan's Gigabyte Technology Co Ltd. While the U.S. bars direct sales to China, the sale and purchase of the chips within China is not illegal. Both Nvidia and the server makers claim that the products were exported and available before the export control restrictions were tightened.

Nvidia loses top spot to Microsoft after 3% drop

Economic Times

Economic Times · 1y ago

Nvidia loses top spot to Microsoft after 3% drop

Nvidia's shares fell by 3.4% on Thursday, causing Microsoft to regain its position as the world's most valuable company. Nvidia's market capitalization dropped by around $91 billion, while Microsoft's also slipped. Nvidia, Microsoft, and Apple are competing to be the top company, with Apple's market capitalization at $3.22 trillion. Meanwhile, Elon Musk revealed that Dell and Super Micro are supplying server racks for his xAI startup's supercomputer, which relies on Nvidia chips. Nvidia's stock price has almost tripled this year, and Super Micro and Dell have seen significant increases as well.

Trackers

Active Indian VC’s

OG Capital Email

With a hands-on approach, OG Capital aims to invest in over 20 promising...

Accel Partners Email

Early and growth-stage investments in disruptive technology companies with...

Early-stage venture capital firm investing in technology startups in India. Focus on...

Access All Trackers

Startup Showcase Winners

June 2025

Helping your parents when you are miles away

The Pit Stop Your Cravings Deserve

The next generation E-commerce platform

Enter Ongoing Startup Showcase

Top Users

Trending News on Medial

ChatGPT is testing a mysterious n ...

Jack Dorsey working on Bluetooth ...

From 66 to 4: Why Y Combinator is ...

Download the medial app to read full posts, comements and news.