Super Micro Computer debuted on the Fortune 500 list at No. 498. The company’s shares have soared 3,454% over the past five years.
Its annual fiscal revenue has doubled to $7.12 billion. Super Micro’s growth is driven by the high demand for data center servers used for AI. More businesses are adopting AI for various tasks.
This has led to rapidly increasing revenue for some server manufacturers. The Super Micro Computer has capitalized on the AI boom along with other companies. Super Micro and Nvidia were both founded in 1993.
They continue to be led by their co-founders, Charles Liang and Jensen Huang. The two CEOs are longtime friends.
Super Micro’s ai-driven growth
Their companies’ headquarters are just a 15-minute drive from each other in Silicon Valley. A key factor in Super Micro’s success is its ability to fill its servers with Nvidia AI chips. Nvidia GPUs have been in short supply industry-wide.
The close ties between the CEOs seem to help maintain this supply. At a conference last summer, Charles Liang jokingly told Jensen Huang, “Give me more chips!”
However, Super Micro has faced some challenges. The latest quarterly revenue fell slightly below analysts’ expectations.
This led to a 14% drop in its shares in a single day. Despite this, Super Micro expects to double its revenue year over year in fiscal 2024 to between $14.7 billion and $15.1 billion. Liang expressed optimism that the company’s AI-fueled growth would continue.
Super Micro is at the forefront of the current AI revolution,” he said during a conference call with investors. He predicted that “AI growth will continue for many quarters, if not many years, to come.”
Super Micro’s debut on the Fortune 500 is a significant milestone for the company, reflecting its journey through the evolving tech landscape.
