Short squeeze alert for SMCI stock

Core Viewpoint - The stock market experienced a significant intraday reversal on April 7, driven by speculation regarding a potential 90-day postponement of tariffs by President Trump, leading to a surge in Super Micro Computer (SMCI) shares [1] Company Performance - SMCI shares rallied over 10% on April 7, closing at $33, and continued to rise in pre-market trading on April 8, reaching approximately $35.20, marking a further increase of 6.66% [1][2] - The short volume ratio for SMCI increased from 38.81 on April 4 to 54.23 on April 7, indicating growing bearish sentiment among short sellers [4] Market Sentiment - The rally in SMCI shares is viewed with skepticism, as it is perceived to be driven by hype and momentum rather than addressing the underlying issues that caused the previous decline [6] - Despite the surge, there are concerns regarding the sustainability of the rally, especially as the claim of tariff postponement has been debunked and trade tensions between the U.S. and China are escalating [8] Strategic Developments - A recent partnership between SMCI and Nvidia is noted as a potentially positive development, suggesting that the stock may be experiencing a mix of renewed interest and a correction from being oversold [9]