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المشهد العربي
Super Micro Shares Rise Amid Revenue Drop
Shares of Supermicro Computer increased by 19.37% after announcing its fourth-quarter profits exceeded analyst expectations, despite revenue coming in below predictions. The company set a sales target for the first quarter between $14.5 billion and $15.5 billion, surpassing the market average of $11.9 billion. As a result, the stock price rose to $37.72, with an annual gain of 28.80%. CEO Charles Liang confirmed that their strategy of leveraging technological solutions and artificial intelligence is achieving tangible success, with more companies becoming clients.
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