Little-known AI powerhouse rockets up Fortune 500 by 206 spots, surging faster than any other company this year
Amid a year of
tech job cuts
, volatile chip markets, and a rush to expand
AI infrastructure
, one lesser-known firm leapt the most on the
Fortune 500
:
Super Micro Computer
, as per a report.
Super Micro Computer Surges 206 Spots on Fortune 500 Amid AI Boom
The IT hardware company based in San Jose rose 206 positions higher than any other firm on this year's Fortune 500 list to No. 292, reported Fortune. It doubled its revenue to $14.99 billion, a 110% gain from last year, and recorded $1.15 billion in earnings, the highest one-year profit growth among its industry, as per the report.
Super Micro Computer's rise is mainly because of its strategic position at the intersection of AI,
cloud computing
, and data centre infrastructure, as these three areas are the fastest-growing areas in technology currently, according to Fortune.
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by Taboola
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CEO Charles Liang's Innovation-First Playbook
The company's cofounder and CEO, Charles Liang, has revealed that the firm is focused on innovation, like early-to-market compatibility with Nvidia chips and customisable server hardware built to handle diverse, high-performance workloads, reported Fortune.
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Partnering with the Tech Giants
According to the report, Super Micro Computer has close partnerships with Nvidia and Intel, which made it a preferred vendor for companies building AI-optimised infrastructures. Recently, the firm was even chosen by tech billionaire Elon Musk's xAI team to develop a 750,000-square-foot data centre in Memphis, reported Fortune.
Scaling Up in the US and Going Green
The company also has plans to grow its server production capacity in the United States as demand for AI has increased, as per the report. Super Micro Computer had also invested in green computing, branding its systems as energy-efficient alternatives in an industry which is under rising scrutiny for environmental impact, according to Fortune.
While, a spokesperson for Super Micro Computer said, 'We are investing in people, processes, and systems to scale our foundation, advancing our leadership in liquid cooling technology, and delivering Data Center Building Block Solutions to achieve and surpass our revenue targets,' as quoted in the report.
FAQs
What is Super Micro Computer?
A once lesser-known IT hardware company based in San Jose, now one of the fastest-growing names on the Fortune 500 due to its role in AI infrastructure, as per Fortune report.
How is it connected to Nvidia?
Super Micro has early integration with Nvidia's chips, allowing them to quickly deliver hardware that supports the latest AI technologies.
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