After a 16% surge the previous day, Super Micro Computer continued its upward trajectory with a nearly 8% climb today.
On Wednesday, Super Micro’s stock price soared 7.97% to $60.25 on the New York Stock Exchange. This remarkable gain has propelled the company’s stock back to levels not seen since before the activist fund Hindenburg’s attack.
Last year, Hindenburg accused Super Micro of accounting irregularities and launched a short-selling campaign. The stock plunge pushed Super Micro to the brink of Nasdaq delisting, but the company has recently staged an impressive comeback.
Just yesterday, Super Micro’s stock skyrocketed over 16%, following the company’s update on its efforts to maintain its Nasdaq listing.
Super Micro announced it would submit the required documentation to Nasdaq by the February 25 deadline.
CEO Charles Liang announced last week that server products with NVIDIA’s latest AI-specific chip, Blackwell, had been launched.
Liang boldly projected potential revenues of $40 billion for the upcoming fiscal year.
This flurry of positive news has fueled Super Micro’s ongoing stock rally.
Super Micro has emerged as a leading AI server specialist as a prime beneficiary of Wall Street’s AI boom.