Adjusted earnings-per-share for the fiscal fourth quarter fell to 41 cents versus Wall Street’s consensus estimate of 45 cents, according to FactSet, and down from 63 cents last year. Revenue for the quarter was $5.8 billion, below expectations of $6 billion, and up 8% on the year.

The server maker is targeting $33 billion in revenue for the fiscal year that just began — below a forecast given back in February

San Jose, California-based Super Micro Computer, Inc. (SMCI) develops and manufactures advanced server and storage solutions built on a modular and open architecture. Valued at $33.8 billion by market cap,

The Dow Jones Industrial Average climbed 585 points, or 1.3%, and the Nasdaq composite leaped 2%. Idexx Laboratories helped lead the way and soared 27.5% after the seller of veterinary instruments and other health care products reported a stronger profit for the spring than analysts expected.

Advanced Micro Devices Inc. earnings are expected to show the chipmaker is increasingly benefiting from the artificial intelligence arms race. The question is whether it’s enough to justify a rally that has outpaced Nvidia Corp.

Investors likely wanted more upside after a rally in the stock price over the past three months. The chip maker reported second-quarter adjusted earnings per share of 48 cents, in line with Wall Street’s consensus estimate,

While AMD still lags behind Intel in the Steam Hardware Survey, it’s closing that gap with strong gains. For comparison, the percentage of users with an AMD processor in the June Steam Hardware Survey was 39.

Tesla gave Elon Musk a stock grant of $29 billion on Monday as a reward for years of “transformative and unprecedented” growth despite a recent foray into right-wing politics that has hurt its sales,