Super Micro expects stronger quarterly margins, shares jump

July 21 : Super Micro Computer said on Tuesday it expects to post fourth-quarter gross margins above its previous forecast, driving its shares up 16 per cent in after-hours trading.AI infrastructure firms have seen accelerated demand as tech companies and cloud providers ramp up investments in data centers to support large language models and other AI applications. The AI server maker secured more than $60 billion in orders in the fourth quarter ended June 30, it said in a preliminarily statement of results.Super Micro anticipates gross margins in the range of 15 per cent to 17 per cent for the quarter, well above its earlier its forecast of 8.2 per cent to 8.4 per cent, "primarily due to a favorable customer and product mix." It expects to report quarterly revenue near the low end of its