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AI server stocks rise after Super Micro beats revenue guidance
Super Micro’s fiscal 2027 revenue outlook of $65 billion to $72 billion topped the $53 billion consensus, helping lift Dell and Hewlett Packard Enterprise, while the iShares U.S. Technology ETF rose more modestly.
Super Micro Computer shares climbed about 7% after the company issued a fiscal 2027 revenue guide of $65 billion to $72 billion, well above the $53 billion consensus, according to Yahoo Finance. The move extended an AI-server rally that began after Super Micro’s fiscal Q4 report earlier this week. Dell Technologies and Hewlett Packard Enterprise also rose alongside Super Micro, with Yahoo Finance citing Dell up around 3% and Hewlett Packard Enterprise up around 3% during the session. The article described the continuation as a read-across to the broader AI server complex rather than a new Super Micro catalyst.
The sector momentum was reinforced by Lenovo’s results, with Yahoo Finance pointing to April-June revenue up 43% year over year to $26.94 billion and adjusted net income up 176% to $1.1 billion. Lenovo’s AI server pipeline increased to $54 billion, up 157% sequentially, and the outlet said the company competes directly with Dell and Hewlett Packard Enterprise.
Separately, Yahoo Finance noted analyst coverage changes that aligned with the theme of sustained demand, including Morgan Stanley upgrading its view on the U.S. IT hardware industry and Goldman Sachs naming Dell, Hewlett Packard Enterprise, and NetApp as top U.S. hardware picks. The iShares U.S. Technology ETF rose about 1.4% to $256.70, described as comparatively muted because the AI-server names carry less weight inside a mega-cap-heavy fund.