SuperX AI Technology (NASDAQ:SUPX) Releases Earnings Results

SuperX AI Technology (NASDAQ:SUPX) released its quarterly earnings data on Thursday. The semiconductor company reported ($0.23) earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $8.75 million during the quarter.

SuperX AI Technology Stock Down 5.5%

Shares of SUPX stock opened at $5.83 on Friday. SuperX AI Technology has a 1-year low of $5.61 and a 1-year high of $63.17. The stock has a 50 day simple moving average of $7.49 and a 200-day simple moving average of $9.20.

Hedge Funds Weigh In On SuperX AI Technology

A hedge fund recently raised its stake in SuperX AI Technology stock. Renaissance Technologies LLC lifted its position in shares of SuperX AI Technology Limited (NASDAQ:SUPX) by 32.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,400 shares of the semiconductor company’s stock after purchasing an additional 14,190 shares during the period. Renaissance Technologies LLC owned about 0.18% of SuperX AI Technology worth $459,000 as of its most recent SEC filing.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of SuperX AI Technology in a research note on Wednesday, August 5th. Wall Street Zen upgraded shares of SuperX AI Technology from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 1st. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, SuperX AI Technology presently has an average rating of “Sell”.

About SuperX AI Technology

SuperX AI Technology Limited is an artificial intelligence infrastructure company that develops and supplies computing hardware and related solutions for AI applications. Its offerings are focused on the equipment required to support the training, deployment and operation of AI models.

The company’s products include AI servers and other high-performance computing systems, along with associated components and infrastructure solutions. These products are intended for data centers, enterprises and other organizations that require substantial computing capacity for artificial intelligence and data-intensive workloads.

SuperX AI Technology is incorporated in the Cayman Islands and conducts its operating activities primarily through its business operations in China.