Supermicro's preliminary Q4 update indicates gross margin is expected at 15%-17%, significantly above prior guidance of 8.2%-8.4%, with over $60 billion in quarterly orders and a record backlog. Nvidia disclosed a 9.3% beneficial stake in Nebius, including warrant-linked shares from a prior $2 billion investment, highlighting its direct financing of GPU-cloud capacity. TSMC is reportedly planning 5%-10% manufacturing price increases for 2027 due to rising material, equipment, and overseas fab costs, signaling continued tight leading-edge foundry supply.
AI server demand remains robust, driving Supermicro's margins and backlog, while TSMC's planned price hikes confirm persistent tightness in leading-edge foundry capacity.