Super Micro surges as sales projection fuels AI rally

Super Micro Computer’s stock jumped almost 10% to a record high in extended trade on Monday, extending its recent AI-fueled rally after the server seller projected stronger-than-expected quarterly sales.

The San Jose, California, company’s report after the bell also lifted shares of Nvidia by 1.2%, adding to a 2.3% gain during Monday’s session that saw the world’s most valuable chipmaker close at a record high.