The supermicrocomputer's soaring stock price has propelled founder and CEO Charles Liang into the ranks of billionaires.
Mr. Liang, 66, from Taiwan, decided 30 years ago that Supermicro would start designing motherboards, the company said in a statement. Website.
Liang, who now lives in Silicon Valley, made a successful bet on motherboards, complex circuit boards that are increasingly important as the backbone of artificial intelligence.
Supermicro stock rose 25% to a record high on Friday, driven by strong demand for its AI servers, after the company predicted quarterly results well above current expectations.
Liang's shares in the company meant the chief executive's fortune increased by more than $850 million on Friday's lucrative day, according to the company. bloomberg.
Liang's 12% stake and additional options are worth a total of $3.3 billion, according to Bloomberg calculations.
Supermicro's preliminary sales for its latest quarter came in at more than $3.6 billion, well above analysts' expectations of $2.8 billion and pushing the stock up by more than a third.
The company is also riding on the growing need for liquid cooling solutions from data centers processing more generative AI applications.
However, Mr. Liang's net worth has been increasing steadily since May 2023. At the time, Liang had already acknowledged the “momentum of AI” as “bringing tremendous benefits to Super Micro.”
Since then, Supermicro's stock price has more than tripled. Since the beginning of the month, the company's stock price alone has increased over 71% to $489.20 at the time of writing.
The San Jose, California-based company will add more than $4 billion to its $17.3 billion market cap at the close of last trading.
Supermicro's sequential growth rate of more than 70% outpaces the GenAI market growth rate, which is estimated to be only about 41% year-on-year in the December quarter, according to Nehal Chokshi, an analyst at Northland Securities. It's slightly higher.
“The company's turnaround is a faster-than-expected hyperscale company eager to introduce rapid liquid cooling racks, which are part of Supermicro's unique specialty,” Hans Mosesmann, an analyst at Rosenblatt Securities, said in a note. We speculate that these efforts are an important factor.”
The upbeat outlook for Supermicro, whose customers include NASA, IBM and semiconductor giant Nvidia, sparked a rally in global chip stocks, following bullish comments on AI from Taiwan Semiconductor Manufacturing Co. on Thursday. .
Representatives for Mr. Liang at Supermicro did not immediately respond to The Post's request for comment.
Mr. Liang founded Super Micro with his wife, Sara Liu, in 1993 after immigrating to the United States from Taiwan to study electrical engineering at the University of Texas at Arlington.
According to Bloomberg, Liu, who served as Supermicro's financial director when it was founded, remains the company's senior vice president and director.
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