Why Is Super Micro Computer (SMCI) Stock Up 10% Today?

Super Micro Computer (NASDAQ:SMCI) stock is rising higher on Tuesday after the company posted positive earnings results for its fiscal second quarter of 2024.The good news for SMCI stockholders starts with its adjusted earnings per share of $5.59. This is better than the $5.16 per share Wall Street was expecting. It’s also a major improvement over the $3.26 per share reported in the same period of the year prior.Adding to that is Super Micro Computer’s revenue of $3.66 billion. Yet again, that comes in abov ...