Super Micro Computer (NASDAQ:SMCI) stock is a compelling growth prospect for those optimistic about computing and AI advancements. Despite a pullback, its impressive earnings report signals robust growth. SMCI stock is currently trading at around $850, significantly lower than its peak of over $1,200 per share. Collaborating with chip manufacturers like Nvidia (NASDAQ:NVDA) can lead to growth. However, this is a stock with some serious value-based concerns that are rightly placed. Here's my take on whether ...

Super Micro Ready To Ride On Nvidia's Hype In my previous bullish SMCI article in March 2024, I upgraded my thesis on Super Micro Computer, Inc. (NASDAQ:SMCI) stock. While not bearish, I explained why my previous cautious ratings (Hold) didn't seem justified, as the AI hype has demonstrated its sustainability for SMCI. As one of the leading companies focusing on AI rack server solutions, Super Micro is in a prime position to leverage Nvidia's (NVDA) leadership as the AI chips designer. Nvidia's Q1 earnings ...

Despite rising earlier in the session, SMCI was last seen down 2% to trade at $855.89. Support stemming from the 20-day moving average looks ready to contain these losses, but the $1,000 level remains as a ceiling. Plus, the stock still boasts a 418.3% year-over-year lead. Options traders are targeting both equities today. DELL has seen 112,000 calls and 56,000 puts cross the tape so far today -- five times the intraday average volume -- with the weekly 5/24 160-srike call standing out as the most popular c ...

Shares of Super Micro Computer (SMCI -2.09%) soared as much as 11.3% higher on Thursday morning, following a fantastic earnings report by chip designer Nvidia (NVDA 10.12%). Supermicro investors saw Nvidia's success story as a good sign, since high demand for artificial intelligence (AI) accelerator chips translates into strong sales of custom AI-crunching computers. The enthusiasm faded somewhat later in the day, and Supermicro's stock was up by 2.1% at 1 p.m. ET. Any uptick after a 52-week gain of 438% lo ...

Shares of Super Micro Computer (NASDAQ:SMCI) are rising higher following a blowout earnings from Nvidia (NASDAQ:NVDA). Earlier this week, the server and storage provider announced its MicroCloud multi- node solution for the AMD (NASDAQ:AMD) based H13 generation of CPU servers. "Supermicro continues to offer innovative solutions for a wide range of applications, and with this new entry, based on the AMD EPYC 4004 processor, we can address the needs of on-premises or cloud service providers who need a cost-ef ...

Super Micro Computer, Inc. (NASDAQ:SMCI) J.P. Morgan 52nd Annual Global Technology, Media and Communications Conference May 20, 2024 4:30 PM ET Company Participants David Weigand - Chief Financial Officer Conference Call Participants Samik Chatterjee - J.P. Morgan Samik Chatterjee Good afternoon. I'm Samik Chatterjee. I cover the Hardware and Networking Companies at JP Morgan. For the next fireside chat, I have the pleasure of hosting Super Micro. With me is David Weigand, who's the Chief Financial Officer. ...

Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. ...

Nvidia Earnings Impact on AI Stocks - Nvidia's financial results will provide insights into global AI demand, impacting stocks like SoundHound (SOUN), Super Micro Computer (SMCI), and C3.ai (AI) [1] - SoundHound's stock has dropped over 50% from its 2024 high, SMCI has fallen 27%, and C3.ai has declined over 30% from its February peak [2][3] - Nvidia's stock is near its all-time high of $973, with analysts optimistic about its earnings due to strong semiconductor demand [3] Nvidia's Financial Performance and Market Expectations - Analysts expect Nvidia's Q1 sales to reach $24.57 billion, a 277% increase YoY, with the highest estimate at $26.87 billion [7] - Full-year revenue guidance is projected at $112.36 billion, an 84% increase from 2023 [7] - Nvidia has a history of beating revenue and earnings estimates, as shown by SeekingAlpha data [8] AI Industry Investments and Growth - Microsoft plans to buy 1.8 million chips this year, and Amazon is investing billions in AI for its cloud business [3] - Saudi Arabia has committed $40 billion to AI investments, benefiting Nvidia as the leading GPU provider [3] - Super Micro Computer's Q1 revenue rose to $3.85 billion, up from $1.28 billion YoY, with net profit increasing to $402 million from $85 million [8] - SoundHound's Q1 revenue grew to $11.6 million, up from $6.7 million in Q1 2023 [9] Historical Impact of Nvidia Earnings on AI Stocks - SoundHound's stock price surged over 40% on February 24th following Nvidia's previous earnings report [6] - SMCI's stock soared 30% as Nvidia's shares jumped during the same period [6]

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

The launch of OpenAI's ChatGPT in late 2022 and the subsequent generative artificial intelligence (AI) boom were Super Micro's big break. Part of Super Micro's business involves turning Nvidia's graphics processing units (GPUs) into ready-to-use computer servers for clients, so the rising demand for Nvidia hardware also boosted its business. These positive trends have continued in the third quarter. Can this technology company sustain its outrageous bull run? If you invested $1,000 on Super Micro Computer ( ...