Super Micro Computer issued a preliminary earnings update, projecting quarterly revenue of $18.5 billion to $19.5 billion for the period ending September 30, up 279% year over year, with gross margin of 12%-12.5%, both beating market expectations. The news lifted AI-related stocks, with Dell and Hewlett Packard Enterprise rising about 6% and 5% respectively in after-hours trading, while CoreWeave and Nebius Group gained over 4%. Full results are due November 3.
Google announced that its new high-end laptop, the Googlebook, will open pre-orders on September 21 at 9 AM ET. The device runs on an Android-based version of ChromeOS, features Gemini Intelligence at its core, and includes AI functions such as Magic Pointer. Models from Acer, ASUS, Dell, HP and Lenovo are expected.