Super Micro Computer stock is soaring Wednesday after the AI server maker released a preliminary fourth-quarter update that stunned Wall Street. The company reported a record backlog with new orders exceeding 60 billion dollars and raised gross margin expectations to a range of 15 to 17 percent, above prior guidance. Revenue is expected to come in near the low end of the 11 to 12.5 billion dollar guidance range, roughly in line with the analyst estimate midpoint of 11.73 billion. The results remain preliminary and unaudited, but the read-through for broader AI-server demand sent shares sharply higher after a rough stretch. Traders are also eyeing Dell Technologies as a potential next winner on the read-through to broader server demand. Despite the surge, SMCI remains down roughly 48 percent over the past year, with analysts carrying a Hold rating and an average price forecast near 33.67 dollars. #SMCI #Supermicro #AI 🌐 Find more market-moving insights at benzinga.com — yo...