TradingKey – Supermicro’s earnings beat expectations, stock price surges up to 12%, technicals suggest over 30% upside potential.

On November 3 Eastern Time, Super Micro Computer (SMCI) reported stellar latest earnings results after the bell, beating both revenue and profit expectations while significantly raising revenue guidance for the next quarter and full fiscal year, driving its stock price up 12% to briefly approach $35.

Benefiting from explosive order pull-ins for AI data centers and servers based on Nvidia’s (NVDA) Blackwell accelerated architecture, Supermicro’s single-quarter revenue nearly quadrupled, soaring 298% year-over-year to $19.95 billion, far exceeding market estimates of $16.8 billion; adjusted earnings per share…