Super Micro Extends Gains, CoreWeave Beats, Cisco Rises
May 14, 2025
Super Micro's stock soared 43% after partnering with DataVolt to enhance AI infrastructure in Saudi Arabia and the US. CoreWeave's first earnings report exceeded expectations, showing a strong demand for AI cloud services. Cisco also saw rising shares thanks to a solid revenue forecast, indicating a boost from AI technology. The tech sector is buzzing with optimism as these developments signal a resurgence in AI investments.
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insights INSIGHT
Super Micro's AI Server Edge
Super Micro Computer's strategic partnership with DataVolt signals strong positioning in AI server market.
This move boosts confidence amid competition and drives stock gains.
insights INSIGHT
CoreWeave Boosted by AI Demand
CoreWeave's first earnings as a public company beat Wall Street expectations.
This reflects robust and accelerating AI infrastructure demand fueling tech sector growth.
- Super Micro Computer (SMCI) shares extended their gains after Saudi Arabia-based data center company DataVolt signed a multi-year partnership agreement with the beleaguered US server company. The stock has rallied about 43% this week, on track for the best week since November. The agreement should “fast-track delivery of ultra-dense GPU platforms and rack systems for DataVolt’s hyperscale AI campuses in the Kingdom of Saudi Arabia and the US,” the company said in a statement on Tuesday.
- CoreWeave (CRWV) shares are up as their expectation-topping results in its first earnings report indicated artificial intelligence investment showed no signs of waning to start the year. The shares surged as much as 8% in post-market trading.“Demand for our platform is robust and accelerating as AI leaders seek the highly performant AI cloud infrastructure required for the most advanced applications,” Chief Executive Officer Michael Intrator said in the statement. “We are scaling as fast as possible to capture that demand.”
- Cisco (CSCO) shares rose in extended trading as the company gave a solid forecast for revenue in the current quarter, a sign the largest seller of networking gear is benefiting from demand for systems using AI technology. Sales in the period ending in July will be $14.5 billion to $14.7 billion, Cisco said in a statement Wednesday. Analysts polled by Bloomberg had predicted $14.5 billion on average. Profit, excluding some items will be as high as 98 cents a share, compared with an average analyst estimate of 95 cents.
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