Nvidia and Supermicrocomputer stocks soared on Monday. Stocks soared after Supermicro’s latest update that the company is shipping 100,000 GPS units in the quarter. On Monday, the market valuations of Nvidia and supermicrocomputers rose by $117 billion and $4 billion, respectively.
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Nvidia bucked a broader market decline on Monday, surging after Super Micro Computer said it was shipping more than 100,000 GPUs per quarter.
Nvidia’s stock price rose 4% to about $130 a share, its highest since late August. Meanwhile, Super Microcomputer’s stock price rose 18%.
In a press release touting its new liquid cooling solution for heat-hungry AI data centers, Super Micro Computer said it is “currently shipping more than 100,000 GPUs per quarter.”
“Supermicro recently deployed over 100,000 GPUs with liquid cooling solutions in some of the largest AI factories ever built,” the company said in a press release.
Super Micro Computers is Nvidia’s third-largest customer, accounting for about 9% of its total revenue, according to Bloomberg data. Meanwhile, about 70% of Super Micro Computer’s cost of goods sold goes to Nvidia products.
Investors appear to be taking the Super Micro Computer update as a sign that demand for Nvidia’s GPU chips remains strong.
The update follows comments last week from NVIDIA CEO Jensen Huang, who told CNBC that the company was facing “extraordinary” demand for the next version of its AI-enabled chips.
“Blackwell is operating at full capacity and Blackwell is on schedule,” Huang said. “Everyone wants to have the most, and everyone wants to be the best.”
Nvidia is currently shipping its next-generation Blackwell GPUs, and Super Micro Computer is hinting at it in its description of its new liquid-cooled product.
“Specially designed CDMs feature up to 96 Nvidia B200 GPUs per rack, delivering the highest GPU density per rack,” Super Micro Computer said.
Monday’s gains increased the market valuations of Nvidia and Supermicrocomputers by about $117 billion and $4 billion, respectively, according to YCharts data.
