New Delhi, July 22 -- Shares of Super Micro Computer, a developer of modular server and storage solutions, surged 25% in Wednesday's session, hitting an intraday high of $32 after the company announced that it had secured more than $60 billion in new orders during the fourth quarter.

In a preliminary results statement released on Tuesday, the company said it expects gross margins of 15% to 17% for the quarter ended 30 June, significantly above its earlier guidance of 8.2% to 8.4%. The stronger margin outlook suggests the company is making progress in selling higher-margin products and improving profitability.

Super Micro also said its order backlog reached a record level at the end of fiscal 2026, reflecting robust demand for its AI inf...