Corsair Gaming stock rallies over 11% overnight as company launches AI server lineup and beats Q1 earnings expectations

Corsair launched CORSAIR PRO, a portfolio of AI workstations and servers using NVIDIA Grace Blackwell technology, designed for AI model training, data processing, and computer vision. The company traditionally focused on gaming accessories and PC components.

Corsair posted Q1 adjusted earnings of $0.27 per share, surpassing Wall Street expectations of $0.18 per share, and reported 58% year-on-year growth in adjusted EBITDA. The company also repurchased $5 million in Q1 under a $50 million share buyback scheme.

CRSR stock traded over 11% higher overnight on Tuesday. Retail sentiment on Stocktwits shifted to 'extremely bullish' from 'bullish' the previous day, with 1,300% jump in message volume in 24 hours. The stock has gained over 36% year-to-date.