Super Micro Computer Inc. shares closed at $32.64 on Friday, marking a 10.94 percent increase for the day. The stock's performance followed a broader rally in artificial intelligence-related companies.
Taiwan Semiconductor Manufacturing Company announced on Friday that it would increase its capital expenditures this year. The company stated it plans to spend between $52 billion and $56 billion, up from last year's range of $38 billion to $42 billion. TSMC cited strong customer demand for semiconductors as the reason for the increase.
Super Micro Computer and IREN Ltd. both saw positive market movement. Both companies have significant exposure to Nvidia Corporation's graphics processing units, which are manufactured by TSMC.
TSMC reported strong financial results for the fourth quarter. Net income reached NT$505.7 billion, compared to NT$374.68 billion during the same period last year. Net sales increased to NT$1.046 trillion from NT$868.46 billion year-over-year.
Super Micro Computer is scheduled to release its second quarter fiscal year 2026 earnings results in the last week of January, according to the company's historical reporting patterns.