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Why Super Micro Computer Stock Popped Today

TheMotleyFool

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Why Super Micro Computer Stock Popped Today: https://g.foolcdn.com/editorial/images/872406/letters-ai-on-a-3d-tower-rising-from-the-middle-of-a-semiconductor-chip.jpg

Super Micro Computer (NASDAQ: SMCI) stock soared 10% through 1:25 p.m. ET today on some very positive news from a competitor.

Shares of Super Micro archrival Dell Technologies (NYSE: DELL) catapulted nearly 29% higher this afternoon in response to a powerful earnings beat Dell delivered last night. Dell delivered non-GAAP Q1 profits of $4.86 per share (and GAAP profits of $5.24 per share), both numbers well ahead of analysts' forecast $2.88 per share. Dell also beat soundly on sales, reporting $43.8 billion versus analysts' $34.8 billion consensus estimate.

Image source: Getty Images.

Source Fool.com

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