Shares of server and storage solution specialist Super Micro Computer (SMCI 24.75%), also known as Supermicro, resumed their relentless push higher Thursday, surging by as much as 21%. As of 10:56 a.m. ET, the stock was still up 19.4%.A check of all the usual sources -- regulatory filings, analyst commentary, and financial reports -- found no company-specific news fueling the gains, which suggests the rise was due primarily to a robust earnings report from a leader in the artificial intelligence (AI) revolu ...

Super Micro Computer (NASDAQ:SMCI) stock rose almost 12% overnight as excitement over the Nvidia (NASDAQ:NVDA) earnings spilled over into the server assembly company. Super Micro has been among the hottest stocks of 2024, up 190% just since the start of the year. This includes a hard fall going into the Nvidia earnings release. But it’s getting most of that loss back today, rising to $850 per share after the market opened, a market capitalization of nearly $48 billion.The company is taking advantage of its ...

Despite a recent setback that saw the price of Super Micro Computer, Inc. (NASDAQ: SMCI) shares drop over 10% over the past week, SMCI stock seems to be making a remarkable recovery in its pre-market trading, during which it has made an advance of nearly 15%.As it happens, the surprising turn of events in extended hours for SMCI shares is happening thanks to Nvidia (NASDAQ: NVDA) posting a strong set of earnings results, according to an X post shared by stock market analytics platform Barchart on February 2 ...

Demand for artificial intelligence (AI) has run riot over the past year or so, and nowhere is that more evident than with Super Micro Computer (SMCI -6.78%), also called Supermicro. The company, which provides specialty servers with the computational horsepower necessary to run AI systems, has seen its stock price explode, up an astonishing 757% over the past year as of the market close on Monday.At the same time, analysts are scrambling to update their financial models and price targets, as Supermicro's re ...

SAN JOSE, Calif.--(BUSINESS WIRE)--Super Micro Computer, Inc. (NASDAQ: SMCI) (“Supermicro” or the “Company”), a Total IT Solution Manufacturer for AI, Cloud, Storage, and 5G/Edge, today announced that it intends to offer, subject to market conditions and other factors, $1.5 billion aggregate principal amount of convertible senior notes due 2029 (the “Convertible Notes”). The Convertible Notes are to be offered and sold to “qualified institutional buyers” pursuant to Rule 144A under the Securities Act of 193 ...

On the heels of a remarkable rally, shares of server and storage-solution specialist Super Micro Computer (SMCI -7.88%), also known as Supermicro, have been taking a breather. It has gained roughly 700% over the past year, but gravity might have finally caught up with the company. The stock shed as much as 10.1% on Wednesday. As of 2:40 p.m. ET today, the stock was still down 7%.While the shares appeared to be caught up in the general market downturn today, there was actually good news in the form of bullis ...

SOPA Images/LightRocket via Getty Images Introduction Seeking Alpha Quant rates XMMO as a buy. XMMO has performed exceedingly well during this stock market rally. XMMO top holding is Super Micro Computer, SMCI (11.96%). XMMO - Invesco S&P MidCap Momentum ETF Fund Profile Invesco Exchange-Traded Fund Trust - Invesco S&P MidCap Momentum ETF is an exchange-traded fund launched and managed by Invesco Capital Management LLC. It seeks to track the performance of the S&P MidCap 400 Momentum Index. Strictly in ...

Super Micro Computer (SMCI -1.96%) stock slipped in Tuesday's trading. The company's share price closed out the daily session down 6.8%, according to data from S&P Global Market Intelligence. Notably, it had been down as much as 11.7% earlier in the day's trading, but it bounced back as some investors bought into the sell-off.While there wasn't any business-specific news pushing Supermicro stock lower today, the server-and-storage technology company's share price lost ground as Wall Street weighed potential ...

Last week ended on a low note for Super Micro Computer (NASDAQ:SMCI) stock. After a week of impressive growth, the server and storage solutions company experienced a sudden reversal of fortune as shares plunged sharply on Friday. Shaking off any previous momentum, Super Micro Computer stock fell more than 20%.Since then, things have only gotten worse. While this hasn’t been good for investors who rushed to buy SMCI stock on its way up, it has been excellent for short sellers. Bears recognized the superficia ...

Shares of Super Micro Computer (NASDAQ:SMCI) are in the red again today, bringing its loss since the market open on Feb. 16 to more than 30%. The company hasn’t issued any news to explain this decline; rather, the downfall seems attributed to an overly optimistic valuation that is being corrected. Over the past year, short sellers of SMCI stock have witnessed $4.8 billion of paper losses. This includes paper gains of $1.2 billion on Friday when Super Micro plunged by 20%. Friday’s fall was SMCI stock’s larg ...