SUPER MICRO COMPUTER INC stock was rising.
Its shares, which trade under the ticker SMCI, have climbed 10% in early trading Monday. The S&P 500 was up 1%.
The move came after the shares surged 11% on Friday, snapping a five-day losing streak.
Super Micro was the most volatile S&P 500 stock last year, ahead of the likes of Palantir Technologies and Tesla . If the start of 2025 is anything to go by, it could carry on swinging wildly for a while yet.
The big jump came despite the absence of any news about the onetime AI darling—but that hasn’t curbed volatility in the past. Traders appear to be capitalizing on ongoing uncertainty to make a quick profit.
It’s tougher to work out whether it’s worth owning SMCI stock as an investment, considering the issues the company is grappling with.
Super Micro still hasn’t filed its annual accounts for the last fiscal year, ended June 30, and its former auditor Ernst & Young resigned in October after flagging potential flaws in the company’s accounting controls. An internal investigation found no evidence of fraud, and Super Micro hired BDO to replace EY last month.
The next big date for the server maker is Feb. 25—the deadline the Nasdaq has given it to report those earnings. Until then, expect the stock to remain volatile as investors ponder what the future holds.
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