AMD Stock Surges 25%, Marking Largest Gain Since 2024

BlockBeats News, July 22nd, according to BIT (bit.com) market data, Super Micro Computer Inc. (SMCI) saw its price surge by 25%, marking the largest gain since 2024.

On the news front, the company had previously announced that its backlog by the end of the 2026 fiscal year had reached a record high, with new orders in the fourth quarter totaling over $60 billion. These new orders are expected to be delivered over the next few quarters. The gross margin for the fourth quarter is projected to reach 15% to 17%, nearly double its previous target of 8.2% to 8.4%.