Why Super Micro Computer Shares Are Moving Higher Tuesday

Super Micro Computer SMCI stock is moving higher on Tuesday after the company announced its adding three new manufacturing facilities.

What To Know: On Monday, the company in a press release said the new facilities will focus on producing liquid-cooled solutions, including racks and water towers.

The company said with AI factories becoming more widespread, liquid-cooled data centers are needed in order to meet customer demands.

“We anticipate that liquid-cooled data centers will grow from historically less than 1% to an expected 15% and up to 30% of all data center installations in the next two years,” said Charles Liang, CEO of Supermicro.

Related Link: Investigating Apple’s Standing In Technology Hardware, Storage & Peripherals Industry Compared To Competitors

SMCI Price Action: At the time of writing, Super Micro Computer stock is trading 4.44% higher at $926.85 per data from Benzinga Pro.

Image: Photo via Shutterstock