SMCI stock soars on Nvidia Blackwell boost

In the first quarter (Q1) of 2024, Super Micro Computer (NASDAQ: SMCI) proved a major challenger to Nvidia (NASDAQ: NVDA) as the year’s stock market superstar. Specifically, Supermicro equity soared 300% in Q1, while NVDA shares were up about 70% in the same time frame.The period between March and August, however, shifted the situation, and SMCI began unraveling entirely with a damning report published in Q3 by the now-defunct activist short seller Hindenburg Research.Still, after months of uncertainty and ...