Super Micro's stock price surges following news that the company is shipping over 100,000 AI GPUs per quarter.

• The stock price of Super Micro increased by 15% following the announcement that the company is shipping over 100,000 graphics processing units for artificial intelligence use in each quarter.
• Super Micro is a major beneficiary of the AI boom, producing servers that businesses use for data storage, websites, AI training, and other purposes.
• The company is experiencing a delay of approximately nine weeks in submitting its annual report, which was originally due in August.

The graphics processing units used for artificial intelligence shipment increased by 15% after the computer server company announced it would be shipping over 100,000 units per quarter.

If the average price of a GPU is around $30,000, the new cooling product unveiled by Super Micro could result in several billions of dollars in orders.

Super Micro, one of the biggest beneficiaries of the AI boom, produces computers used as servers for data storage, websites, and AI training models. The company announced that its new cooling product will reduce data centers' expenses on hardware and cooling infrastructure for servers that are always running.

Super Micro recently deployed over 100,000 GPUs with liquid cooling solution for some of the largest AI factories ever constructed, in addition to other cloud service providers.

Despite being applauded by Wall Street, Super Micro is currently nine weeks late in submitting its annual report, which was due in August. The company announced at the end of the month that management required more time "to evaluate the accuracy of the design and operational effectiveness of its internal controls over financial reporting as of June 30, 2024."

Despite Monday's rally, the stock has dropped more than 50% since its peak in March. On September 26, shares fell 12% after the Wall Street Journal reported that the Department of Justice had launched an investigation into the company following a report from short-seller Hindenburg Research, which claimed to have found "new evidence of accounting fraud."

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