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Why Super Micro Computer Stock Soared Today

TheMotleyFool

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Why Super Micro Computer Stock Soared Today: https://g.foolcdn.com/editorial/images/868920/letters-ai-on-a-3d-tower-rising-from-the-middle-of-a-semiconductor-chip.jpg

Super Micro Computer (NASDAQ: SMCI) stock -- a company that sounds like it took its name from a 1980s comic book -- soared 16.6% through 11 a.m. ET Wednesday morning despite reporting mixed earnings last night.

Heading into the company's Q3 report, analysts forecast Super Micro would earn $0.62 per share, pro forma, on $12.4 billion in sales. Super Micro beat on earnings, reporting $0.84, but whiffed on sales -- only $10.2 billion.

Image source: Getty Images.

Source Fool.com

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