From Dow Jones & Company:

Super Micro Computer Inc. board member Fred Chan showed confidence in the company by purchasing 2,000 shares at $568 apiece, spending $1.14 million. The surge in stock comes as Super Micro’s sales doubled in the latest quarter, with analysts projecting they will triple in the current quarter due to the artificial-intelligence frenzy. Other board members, however, were not as bullish: Daniel Fairfax sold 300 shares at $540 apiece, in a transaction valued at $162,000. Super Micro declined to comment on either stock transaction. Chief Executive Charles Liang is confident that the AI boom will continue for many quarters, if not many years.



Read more: Super Micro board member buys over $1 million in stock after 600% yearly surge