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Today, July 22, 2026, the AI server maker posted a preliminary update showing gross margins well above forecast and more than $60 billion in new orders.
Dell Technologies Inc. (DELL) shares moved 9% higher on Wednesday after Super Micro Computer released a stronger-than-expected preliminary update that reinforced expectations for continued spending on artificial intelligence infrastructure. The rally followed Super Micro's announcement that it received more than $60 billion in new orders during its fiscal fourth quarter, driving its order backlog to a record high.
While recent pullbacks in AI stocks have concerned investors, the underlying fundamentals of the AI revolution tell a vastly different narrative.
Super Micro Computer (NASDAQ:SMCI | SMCI Price Prediction) has become the AI infrastructure story Wall Street loves to hate.
@Theotrade's Don Kaufman turns to Big Tech and high beta names for his stock picks in today's Big 3. He leans bearish on Alibaba (BABA) after the stock's recent AI-led rally, sees SpaceX (SPCX) as a long-term opportunity for investors, and warns against Super Micro (SMCI) due to controversies surrounding the company.
Oil jumped 4% on geopolitical tensions, but that wasn't the only story. Nvidia rallied while Microsoft slumped, and mega-cap tech earnings loom after the bell tonight.
Super Micro's preliminary financial results provided Wall Street with even more confidence that there will continue to be incredibly strong demand for AI powered servers.
4:15pm: Earnings loom US stocks ended mostly lower on Wednesday as investors took a breather after two strong sessions, with rising oil prices and caution...
Full call transcripts — prepared remarks + analyst Q&A — with speaker-by-speaker formatting and one-click switching across every quarter on file.
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Transcripts source: company-published earnings calls. Speaker attribution and formatting are processed in-app.