Super Micro Jumped More Than 10%. Is the AI Server Maker Finally Turning a Corner?
Key takeaways
- SMCI NVDA Shares of Super Micro Computer (NASDAQ: SMCI) climbed more than 10% on Thursday, closing at about $31 after starting the day near $28.
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
- What it has struggled to do is convince investors that the growth is worth the thin margins and the baggage that comes with it.
SMCI NVDA Shares of Super Micro Computer (NASDAQ: SMCI) climbed more than 10% on Thursday, closing at about $31 after starting the day near $28. There was no major company news behind the move -- no earnings, no new contract -- just a sharp bounce in a stock that has been swinging hard with the rest of the artificial intelligence (AI) hardware group. Even after the jump, however, the stock is down about 31% over the past year and even further from its 52-week high.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Super Micro has never struggled to sell servers. What it has struggled to do is convince investors that the growth is worth the thin margins and the baggage that comes with it. That said, the underlying business has demonstrated notable improvements.