Why Super Micro Computer Stock Barreled 24% Higher This Week

Shares of Super Micro Computer (NASDAQ: SMCI), commonly called Supermicro, surged this week, jumping as much as 29.6%, according to data supplied by S&P Global Market Intelligence. As of 3:07 p.m. ET on Friday, the stock was still up 24.4%.There were a couple of catalysts that boosted investor sentiment for the artificial intelligence (AI) hardware specialist.Supermicro has been a roller coaster ride for investors, and it's worth recounting the significant events of the past year or so to provide context. After soaring to a new record high early last year, the maker of AI-centric servers fell on hard times. A short-seller report alleging accounting misconduct and a delay in filing its annual report sent the stock into a tailspin. The company also faced the threat of delisting.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool