Supermicro Eyes Texas, Mississippi For AI Server Growth As Microsoft, Amazon Increase Spending
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Super Micro Computer (SMCI) plans to expand server production in Texas and Mississippi, driven by increased spending from Microsoft and Amazon on AI data centers. CEO Charles Liang highlighted the surge in global AI demand and the need for localization. Despite a 52% stock decline over the past year due to governance issues and delayed server orders, Super Micro expects fiscal sales of $21.8-$22.6 billion. Raymond James initiated coverage, noting AI platforms account for 70% of its revenue. SMCI shares rose 1.19% to $43.28 in premarket trading.
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