Why Super Micro Computer Rallied 14.2% in November
Shares of Super Micro Computer (NASDAQ: SMCI) rose 14.2% in November, according to data from S&P Global Market Intelligence.
The server maker, which has become a darling of the artificial intelligence (AI) revolution, reported earnings on Nov. 1 that handily beat expectations, while also raising full-year guidance.
In addition, Super Micro got a lift when long-term interest rates declined off their October highs following two tamer-than-expected inflation reports. That boosted just about all stocks, but especially technology and growth stocks.
Source Fool.com
