Microchip Technology (MCHP) and Super Micro Computer (SMCI) surged in after-hours and premarket trading, respectively, driven by strong artificial intelligence data center demand. MCHP jumped 14.5% to $104.89 after disclosing that its Data Center Solutions unit generated $302.7 million in revenue in 2025 and expects ~65% growth to roughly $500 million in 2026. CEO Steve Sanghi highlighted a 62.9% year-over-year jump in the March 2026 quarter for the unit. The company also announced selective price increases across its product portfolio, signaling pricing power and margin confidence. UBS reiterated a Buy rating with a $130 price target, and 21 analysts have revised earnings estimates upward.
Meanwhile, SMCI climbed more than 5% premarket after unveiling two new AI platforms at Computex 2026 in Taipei: a 72-GPU AMD Helios rack-scale system and an Arm AGI CPU rack-scale lineup targeting enterprise agentic AI. Supermicro says Helios is built for large-scale training and inference, while Arm estimates its AGI CPU deployed in Supermicro solutions could save enterprises up to $10 billion in CAPEX per gigawatt of AI data center capacity. Mizuho raised its price target but flagged tight memory and CPU supplies as a potential earnings cap through late 2026 to 2027.
