Super Micro Computer shares jump 25% after securing over $60 billion in Q4 orders

Super Micro Computer shares surged 25% to around $32 after the company announced securing over $60 billion in new orders during Q4, with the order backlog reaching a record level. The company also guided gross margins of 15% to 17% for the quarter ended 30 June, significantly above its earlier guidance of 8.2% to 8.4%. Revenue for the quarter is expected near the lower end of the previously guided $11 billion to $12.5 billion range, though the new orders provide strong visibility for future revenue.