Super Micro Computer Inc (NASDAQ:SMCI) shares are soaring in extended trading Tuesday after the company provided strong preliminary results for the fourth quarter.
Super Micro Computer shares are climbing with conviction.
Why is SMCI stock surging?
Super Micro Sees Strong Order Growth Super Micro announced its backlog grew to "record levels" after the company received total new orders of more than $60 billion during its fiscal fourth quarter.
The company expects to deliver these new orders in future quarters.
