Super Micro Computer is trading 4.1% up at $24.82 after sentiment improved around its role as a key SpaceX server supplier following Elon Musk's denial of a rumored deal with Foxconn.
- Musk publicly refuted reports of a $52 billion server contract with Foxconn, clarifying that SpaceX historically relies on Super Micro Computer and Dell for its infrastructure needs.
- The stock is also seeing upward momentum from a broader recovery in the technology and semiconductor sectors.