economy
Super Micro stock jumps 19% on guidance beat as revenue more than doubles
Super Micro pointed to progress in U.S. manufacturing in issuing a stronger-than-expected quarterly forecast.
TL;DR
- Super Micro issued a stronger-than-expected quarterly forecast.
- The company cited progress in U.S. manufacturing as a reason for the positive forecast.
- The news resulted in a significant increase in Super Micro's stock price.