Super Micro just guided for more sales than Wall Street thought possible

Wall Street began positively in trading today, as Consumer Price Index for July met expectations and showed cooling compared to June. The hoped-for disinflation remains intact. Moreover, the risk of a Fed rate increase in September continues to decrease, particularly benefiting tech and growth stocks. Even before the data, semiconductor and AI stocks drove the futures.

In the AI sector, quarterly numbers confirm an extraordinary demand, but also a massive capital need. Server provider Super Micro surprised with an exceptionally strong outlook, while technology company Lumentum exceeded expectations and benefited from the expansion of optical infrastructure. AI cloud company Coreweave reported growing demand but plans to invest between 35 and 39 billion US dollars in 2026, with only 12.4 to 13.2 billion US dollars in revenue.

Cloud provider Nebius also provided similar insights: its revenue increased by 454 percent, and EBITDA exceeded expectations significantly, while investments exploded to around 5.65 billion US dollars, equivalent to nearly ten times the quarterly revenue. This raises ongoing discussions about Nvidia's $500 billion funding package, which may secure up to 25 percent of individual projects, fueling the debate on circular financing and the sustainability of the AI boom.

Overall, Wall Street receives exactly what it wanted today: a decline in inflation pressure alongside astonishingly strong AI demand.