Watch These Super Micro Computer Price Levels After Stock Surges 16%

Key Takeaways Shares in server maker Super Micro Computer soared 16% Monday after the company reported strong shipments of its GPUs, fueled by AI demand. Super Micro Computer shares formed two troughs at similar levels on the chart last month, raising the possibility of a double bottom, a classic chart pattern that signals a potential bullish reversal. Investors should watch key overhead price levels on Super Micro's chart around $48, $70, and $97.50, while monitoring important longer-term support near $35. ...