Why Super Micro Computer Stock Soared on Thursday Morning

Shares of Super Micro Computer (SMCI -2.09%) soared as much as 11.3% higher on Thursday morning, following a fantastic earnings report by chip designer Nvidia (NVDA 10.12%). Supermicro investors saw Nvidia's success story as a good sign, since high demand for artificial intelligence (AI) accelerator chips translates into strong sales of custom AI-crunching computers. The enthusiasm faded somewhat later in the day, and Supermicro's stock was up by 2.1% at 1 p.m. ET. Any uptick after a 52-week gain of 438% lo ...