Super Micro surges 13% after raising revenue outlook on AI demand

Investing.com -- Super Micro Computer (NASDAQ: SMCI) shares spiked 13% in premarket trading after the server maker raised its fiscal first-quarter revenue outlook thanks to soaring demand for artificial intelligence data centers. Still guessing which stocks will beat the market? Our AI portfolio updates monthly and is outperforming the S&P 500 by 118%. See this month's list » On Tuesday, the company said preliminary revenue is now expected to stand at $18.5 billion to $19.5 billion for the quarter ended September 30, up from its previous forecast of $14.5 billion to $15.5 billion. The midpoint of the revised range compares to analysts' consensus estimate of $14.99 billion.