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SMCI surged 4% on an 18% non-GAAP gross margin beat, but management has already guided the current quarter back down to just 10 to 11%.
HPE outpaced SMCI on no fresh catalyst, while Dell lifted its fiscal 2027 revenue guide to $192 billion on record AI orders of $61 billion.
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AI server names are trading higher on Tuesday, with buyers rotating into the sub-sector while large-cap technology tracks essentially flat. The unusual part: the biggest gainer of the trio is being bid on a margin figure that its own management has already guided back down.