Super Micro Computer (SMCI) shares surged Monday as some artificial intelligence (AI) related stocks gained to start the week.
The stock gained more than 6% to close at $899.34. Super Micro shares have more than tripled year-to-date.
Super Micro Computer, which makes server technology and hardware used in data centers, has been a major beneficiary of the AI boom. As an Nvidia (NVDA) partner, Super Micro shares in some of the gains of the market’s AI darling, and its hardware is found in some Nvidia data center technology—including that used by Elon Musk’s AI company, xAI.
Vanda Research analysts have suggested that Super Micro Computer, alongside Advanced Micro Devices (AMD) and Taiwan Semiconductor Manufacturing Company (TSM) as “AI proxies” that some investors may turn to if they feel Nvidia has reached “the peak of retail bullishness.”1
Nvidia’s shares rose Monday, lifted by the bullishness of some Wall Street analysts’ outlooks. AMD advanced nearly 4%, while TSMC rose more than 1%. AI optimism also boosted shares of Corning on Monday.
