Super Micro Computer (SMCI) is one of the major players in the AI industry, following closely in the footsteps of Nvidia (NVDA). I recently spoke with Super Micro CFO David Weigand at Bank of America’s Global Technology conference in San Francisco and learned that demand for their products is on the rise.
The company has experienced significant growth, with non-GAAP EPS growing 300% in the most recent quarter compared to a year ago and sales increasing by about 200% year-over-year. However, meeting this demand due to supply constraints remains a challenge for Super Micro. Despite this, they continue to bring innovative products to market, such as liquid cooling technology, which has given them a competitive edge in the industry.
Super Micro’s success is not solely reliant on Nvidia’s business but is a result of their ability to deliver high-quality products that provide optimal performance. They are positioning themselves as the “Switzerland” of the industry, working with companies like AMD and Intel to offer powerful solutions to their customers. With shares up 168% since the beginning of the year, it seems that Super Micro’s growth story is only just beginning.
