Why Super Micro Computer Stock Is Skyrocketing Today
Super Micro Computer (NASDAQ: SMCI) stock is posting another day of big gains in Friday's trading. The server specialist's share price was up 9.5% as of 1:40 p.m. ET and had been up as much as 12.3% earlier today.Supermicro's valuation is surging as investors continue to bet that the company will emerge from accounting controversies that have depressed its valuation over the last year. In addition to sustained momentum from other positive catalysts, the company's valuation is getting a boost from news that Meta Platforms plans to invest heavily in humanoid robots.Continue reading
Super Micro Computer (NASDAQ: SMCI) stock is posting another day of big gains in Friday's trading. The server specialist's share price was up 9.5% as of 1:40 p.m. ET and had been up as much as 12.3% earlier today.
Supermicro's valuation is surging as investors continue to bet that the company will emerge from accounting controversies that have depressed its valuation over the last year. In addition to sustained momentum from other positive catalysts, the company's valuation is getting a boost from news that Meta Platforms plans to invest heavily in humanoid robots.
