Business · Companies · 2 hrs ago
Super Micro Sales Forecast Lifts AI Stocks in After-Hours Trading
AI-related stocks rose in after-hours trading on Tuesday after Super Micro Computer gave a stronger-than-expected sales forecast.
The server maker expects sales of $18.5 billion to $19.5 billion for the quarter that ended on September 30, compared with analyst estimates of about $15 billion.
The forecast eased concerns that heavy spending on AI computing equipment may not be sustainable.
Those concerns had weighed on the sector, with the Philadelphia Stock Exchange Semiconductor Index down 11% in October.
Companies that rent computing power had been hit hard, and CoreWeave shares had fallen 29% this month through Tuesday’s close as debt financing costs rose.
Super Micro shares climbed as much as 15% after hours, while Dell and Hewlett Packard Enterprise each rose more than 5%.
SpaceX also beat quarterly revenue and profit estimates, helped by its AI and satellite internet businesses, and its shares gained 5.6%.
Super Micro Computer’s preliminary sales forecast sparked a rally in AI-related stocks in after-hours trading.
The company forecast sales of $18.5 billion to $19.5 billion for the quarter that ended Sept. 30.
That range was above the roughly $15 billion average analyst estimate reported by Bloomberg.
Dell and Hewlett Packard Enterprise shares rose more than 5%, while CoreWeave and Nebius Group gained more than 4%.
The results eased concerns about whether spending on AI computing infrastructure can continue at its recent pace.
- Who
- Super Micro Computer and AI-related companies whose shares rallied.
- What
- Super Micro forecast quarterly sales above analyst estimates, lifting AI stocks in after-hours trading.
- When
- Tuesday, Oct. 20, 2026, after regular trading.
- Where
- In after-hours stock trading.
- Why
- The forecast eased concerns about the outlook for spending on AI technology and computing infrastructure.
This story does not have two clearly opposing sides.
The Philadelphia Stock Exchange Semiconductor Index fell 11% during the month, as AI stocks faced concerns about the sustainability of infrastructure spending.
Super Micro issued its preliminary sales forecast, and AI-related shares rallied in after-hours trading.
- Super Micro forecast
- $18.5 billion to $19.5 billion in sales
- Quarter ended
- Sept. 30
- Analyst estimate average
- About $15 billion
- Dell and HPE shares
- Rose more than 5% in after-hours trading
- CoreWeave and Nebius shares
- Rose more than 4% in after-hours trading