SMCI is trading at $35.32 (+5.06%) as the stock tracks a broader tech rally fueled by positive momentum in the AI and semiconductor space.
- The Nasdaq is up 1.34% following strong earnings from peers like AMD and positive macro sentiment from upbeat jobs data.
- Shares continue to build on a post-earnings recovery from May 5, where margin gains helped offset a revenue miss.
- While there is no fresh company-specific news today, the stock is benefiting from a strong tech-led market advance and sector-wide strength.