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Why Super Micro Computer Stock Jumped 64% in February

TheMotleyFool

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Why Super Micro Computer Stock Jumped 64% in February: https://g.foolcdn.com/editorial/images/767839/cloud-computing-data-storage.jpg

Super Micro Computer (NASDAQ: SMCI) was a big winner last month. The maker of storage and server systems that are highly valued for artificial-intelligence applications continued to climb after reporting a blowout earnings report late January and benefited from strong quarterly results from Nvidia, a key supplier. According to data from S&P Global Market Intelligence, the stock gained 63% in February.

Like Nvidia, Supermicro has emerged as something of a bellwether in the AI stock sector, and the stock has been highly volatile, swinging in response to broader sentiment on AI stocks.