Super Micro Computer forecasts quarterly revenue and profit margin above Wall Street estimates

The report also benefited peers HPE, which rose 3.7 percent, and Dell, which rose 5.3 percent.

The reports provided some reassurance to investors who have been worried about the sustainability of massive spending on AI buildouts and their profitability.

The technology sector was hammered last week by a selloff in AI-linked stocks, with data centre operator CoreWeave at the centre of the storm.