Watch These Supermicro Price Levels as Stock Soars

Group 1 - Super Micro Computer (SMCI) shares have seen significant movement, rising sharply for two consecutive days as the company announced full production availability of its latest AI data center server solution [2][11] - The company is set to provide a second-quarter business update, with investors keen to know if it will meet the Nasdaq's February 25 deadline for submitting delayed regulatory filings [3] - Despite a nearly 40% recovery over the past three months, Supermicro shares have lost about 50% of their value over the last year due to concerns over accounting practices and corporate governance [4] Group 2 - The stock has been trading within a descending broadening wedge pattern since mid-July last year, with recent trading suggesting a potential breakout attempt [6][11] - The recent price jump occurred on the highest volume since early December, indicating strong buying interest from institutional investors, and the relative strength index (RSI) has improved, confirming positive price momentum [7] - Key resistance levels to watch include approximately $34.50, $50, and $70, while important support levels are around $26 and $18 [11][12]