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TECH SUPER MICRO RIDES THE AI WAVE TO A FORTUNE 500 DEBUT
Fortune US
|June - July 2024
SUPER MICRO Computer spent over 30 years in one of the least sexy segments of the tech landscape: building high-performance servers. But lately the company has caught the broader AI wave, and it's now plenty sexy.
In the past five years, Super Micro's shares have soared an astounding 3,454%. And over that time its annual fiscal revenue has doubled to $7.12 billion, enough to earn it a Fortune 500 debut at No. 498 this year.
The company's growth is being fueled by huge demand for data center servers used for training and operating artificial intelligence models. With more businesses using AI for more tasks, revenue for some server manufacturers is rapidly increasing.
This story is from the June - July 2024 edition of Fortune US.
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