SMCI Stock Alert: Super Micro Computer Surges Higher in AI Frenzy

Super Micro Computer (NASDAQ:SMCI) stock rose almost 12% overnight as excitement over the Nvidia (NASDAQ:NVDA) earnings spilled over into the server assembly company. Super Micro has been among the hottest stocks of 2024, up 190% just since the start of the year. This includes a hard fall going into the Nvidia earnings release. But it’s getting most of that loss back today, rising to $850 per share after the market opened, a market capitalization of nearly $48 billion.The company is taking advantage of its ...