In This Article:
Super Micro Computer (NASDAQ: SMCI) stock is rocketing higher Wednesday in response to multiple positive catalysts. The company's share price was up 10.2% as of 2:45 p.m. ET. At the same point in the session, the S&P 500 had risen 1.8%, and the Nasdaq Composite was up 2.9%.
Supermicro's valuation is climbing today thanks to a combination of encouraging developments on the macroeconomic front. The stock is also seeing bullish momentum in conjunction with the announcement of a new server and expanded generative artificial intelligence (AI) partnership with Fujitsu.
Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue »
Stocks rise as investors bet on brightening macroeconomic picture
Recent comments from President Donald Trump and other leaders in the administration point to a significant pivot in trade policy that could help lower tariffs and alleviate concerns among investors. According to a report from Reuters, the administration could lower tariffs on Chinese goods to between 50% and 65% -- a big pullback from the 145% import tax currently applied to most goods from the country. In comments today, Trump also said that he didn't intend to try to fire Federal Reserve Chair Jerome Powell.
Supermicro unveils new server and deepened Fujitsu partnership
Fujitsu published a press release today announcing that it was expanding its collaboration with Supermicro. The two companies also announced the launch of the new PRIMERGY GX2570 M8s server from Supermicro, which pairs a high-performance graphics processing unit (GPU) with liquid-cooling technologies and related support software and services. In July, Fujitsu will begin using the new server in conjunction with its Takane large language model (LLM) to provide generative AI services to enterprises. The development suggests that Supermicro should continue to see strong demand for its server products tied to generative AI and helps support a bullish case for the stock.
Should you invest $1,000 in Super Micro Computer right now?
Before you buy stock in Super Micro Computer, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Super Micro Computer wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $561,046!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $606,106!*
Now, it’s worth noting Stock Advisor’s total average return is 811% — a market-crushing outperformance compared to 153% for the S&P 500. Don’t miss out on the latest top 10 list, available when you join Stock Advisor.