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Why Super Micro Computer Is Bouncing Back Today

TheMotleyFool

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Why Super Micro Computer Is Bouncing Back TodayPhoto, wide shot, wide-angle lens, Software company, sunset photo at golden hour, photo by Marc Adamus: https://img.theapi.app/temp/9d624ad0-0157-4808-b12c-caf136345180.png

Shares of artificial intelligence (AI) server specialist Super Micro Computer (NASDAQ: SMCI) were rallying in Monday trading, up 7.2% as of 12:04 p.m. ET.

The server maker plunged last week after the company's fiscal fourth-quarter earnings report, which showed booming revenue growth but also a decline in margins. But after last week's drubbing, along with the recent sell-off in AI-related stocks, Supermicro and other AI names are bouncing back strongly today.

Aiding the bounce was a weekend Wall Street Journal article featuring the company's new direct liquid cooling (DLC) products.

Source Fool.com

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