Super Micro Computer experiences heavy volatility following Nvidia earnings

📆 5/23/2024 10:27 AM
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Super Micro Computer (SMCI) stock rode the wave of Nvidia’s (NVDA) earnings early Thursday, which catapulted it up by 11.3% to an intraday high of $972.31, before crashing down to $866.

Super Micro sees greater than $100 share price movement early Thursday.

’s nearly three-month downtrend. Though Nvidia continues trading for a gain of more than 10% at the time of writing, will be delivering up to 2,000 liquid-cooled server racks per month. In our opinion, Supermicro stands to benefit from sovereign entities who are looking for a partner who can customize their AI setup to maximize performance from the hardware, while providing attractive price/performance, writes Bhattacharya. Semiconductor stocks FAQs What is a semiconductor? A semiconductor is a term for various types of computer chips.

stock registered an 11% rally early on Thursday only to see it diminish entirely.

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