Super Micro Computer (NASDAQ:SMCI) stock is moving higher on Tuesday after the company announced its adding three new manufacturing facilities.
What To Know: On Monday, the company in a press release said the new facilities will focus on producing liquid-cooled solutions, including racks and water towers.
The company said with AI factories becoming more widespread, liquid-cooled data centers are needed in order to meet customer demands.
“We anticipate that liquid-cooled data centers will grow from historically less than 1% to an expected 15% and up to 30% of all data center installations in the next two years,” said Charles Liang, CEO of Supermicro.
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SMCI Price Action: At the time of writing, Super Micro Computer stock is trading 4.44% higher at $926.85 per data from Benzinga Pro.
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