Why Super Micro Computer Stock Is Surging Today
The stock of Super Micro Computer (NASDAQ: SMCI) is rallying in Thursday's trading. The share price was up 5.9% as of 12:30 p.m. ET today, according to data from S&P Global Market Intelligence.
Super Micro is gaining ground today thanks to bullish news for Nvidia. In addition to positive coverage for the chipmaker from an analyst, it was also announced that a new partner had joined Nvidia's machine-vision platform.
Movements for Nvidia's share price often have ripple effects for other companies in artificial intelligence (AI). Shares of the leader in graphics processing units (GPUs) were up 1.7% as of 12:30 p.m. today, and the bullish momentum was lifting Super Micro and other high-profile AI stocks.
Source Fool.com
