Shares of server maker Supermicro rose 89 percent last year, more than any other US tech company worth over $1 billion. The growth contrasts starkly with other.
The big picture: Falling consumer demand marked 2022 as the year the pandemic tech boom ceased, and many fear a recession could worsen things in 2023. One tech company defied the trend, outperforming all other billion-dollar US tech companies. However, analysts are skeptical that it can meet its projected goals for this year.
Shares of server maker Supermicro rose 89 percent last year, more than any other US tech company worth over $1 billion. The growth contrasts starkly with other tech giants hit hard in 2022 by oversupply and low demand.
During 2022, Supermicro’s market cap increased by $2 billion, from $2.4 billion to $4.4 billion. At the end of its fiscal year 2022 in June, the company reported $5.
