Shares of Super Micro Computer ( SMCI ) surged to an all-time high Tuesday after the server maker posted better-than-expected quarterly results and raised its guidance for fiscal 2024 as it benefits from demand for artificial intelligence (AI) products.

Also known as Supermicro, the company, which has a partnership with Nvidia ( NVDA ), recorded a higher-than-forecast 71% year-on-year rise in its fiscal second-quarter earnings per share at $5.59. Revenue for the quarter, which ended December, doubled to a record $3.66 billion from $1.80 billion.

The company also raised its guidance for its fiscal 2024 year ending June 30 to a range of $14.3 billion to $14.7 billion from a previous range of $10 billion to $11 billion.

CEO Charles Liang said the company continued to add new partners, and its current end customers “continue to demand more Supermicro’s optimized AI computer platforms and rack-scale Total IT Solutions.” He said the company had continued see record demand for its AI systems from Nvidia, Intel ( INTC ), and Advanced Micro Devices ( AMD ).

Supermicro said it expects fiscal third-quarter net sales in the range of $3.7 billion to $4.1 billion and EPS at between $5.20 and $6.01.

Shares of Supermicro were 2% higher at $505.62 at around 1:00 p.m. ET Tuesday, after rising as high as $554.44 earlier in the session. The stock has gained 600% over the past year.