Super Micro Computer Stock Surges as AI-Related Shares Gain

• Super Micro Computer shares rose over 6% Monday as some stocks tied to artificial intelligence (AI) gained.
• The company has benefited from the AI boom as it makes tech for data centres and is an Nvidia partner.
• Vanda Research analysts have said that Super Micro Computer may appeal to investors worried that “the peak of retail bullishness” for Nvidia has passed and are looking for “AI proxies.”

Super Micro Computer (SMCI) shares jumped over 6% on Monday, closing at $899.34, driven by enthusiasm for AI-related stocks. Year-to-date, the stock has more than tripled.

As a key Nvidia partner, Super Micro benefits from the AI boom, supplying server technology and hardware used in data centres, including those for Elon Musk’s AI company, xAI. Vanda Research analysts highlighted Super Micro, AMD, and TSMC as potential alternatives for investors if Nvidia’s stock growth plateaus.

Nvidia, AMD, and TSMC also saw gains, buoyed by positive Wall Street outlooks, with AMD rising nearly 4% and TSMC over 1%.