Why Super Micro Computer Stock Surged Again Today
Super Micro Computer (NASDAQ: SMCI) stock was surging Thursday morning to continue a strong push higher for the supplier of data center servers. Shareholders can thank Elon Musk for today's move. After jumping more than 10%, shares were still trading higher by 7.7% as of 11:30 a.m. ET.
Supermicro, as the company is commonly called, provides server and storage system components for the massive data center buildout to quickly expand artificial intelligence (AI) computing capacity. While that is somewhat of a commodity business, Musk let it be known that his AI start-up xAI will be giving a large amount of business to Supermicro. That's helping Supermicro stock extend the more than 20% gain it's seen over the last week.
Source Fool.com
