Super Micro Computer Stock Surges on Elon Musk Deal

Super Micro Computer Inc (NASDAQ:SMCI) stock is surging, up 7.6% to trade at $989.94 at last glance, after news that the company will provide servers for Elon Musk's startup xAI. Dell Technologies (DELL) is also rising, after CEO Michael Dell posted on X that "we're building a Dell AI factory with Nvidia to power Grok for xAI." Options traders were quick to the draw this morning. So far, 130,000 calls and 70,000 puts have crossed the tape, which is triple the volume typically seen at this point. The June 1, ...