The strong performance forecast of the server manufacturer Ultramicrocomputer gave a sigh of relief about the spending prospects for artificial intelligence technology. Shares of related companies rose sharply in post-market trading on Tuesday. Dell Technology and HP, which have ultra-minimal competition in the field of computing equipment, both rose by more than 5%, while so-called computing power cloud companies CoreWeave Inc. and Nebius Group also rose by more than 4%. The VanEck Semiconductor ETF rose 2.2%, while the Invesco QQQ Trust ETF, which tracks the Nasdaq 100 Index, once rose 0.9%. According to Chaowei, the initial estimated revenue for the quarter ending September 30 was 18.5 billion to 19.5 billion US dollars. According to the data, analysts expected an average of $15 billion. The company also stated that the gross margin was between 12%-12.5%. The performance of Musk's SpaceX also boosted market sentiment. The company's quarterly revenue and profit both exceeded expectations, and the sharp growth of artificial intelligence and Starlink business was the main driving force.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.