Super Micro (SMCI) Rallies 6.9% on US $92-Billion AI Investment

We recently published Lackluster Tuesday? Not for These 10 Stocks on Sky High. Super Micro Computer, Inc. (NASDAQ:SMCI) is one of Tuesday’s top performers.

Super Micro rallied for a second day on Tuesday, adding 6.92 percent to close at $53.17 apiece as investors loaded positions following the US government’s announcement of a $92-billion investment in artificial intelligence and easing exports of chips to China.

At a summit in Pennsylvania on Tuesday, President Donald Trump announced that 20 companies pledged to ramp up investments in AI, particularly in data centers, power generation, grid upgrades, and new training programs, among others.

The news propelled stocks of companies riding the AI wave, including Super Micro Computer, Inc. (NASDAQ:SMCI), which supports the sector through its semiconductor products.

Super Micro (SMCI) Rallies 6.9% on US $92-Billion AI Investment

A team of technicians in a server room, testing and managing the newest server solutions.

Additionally, the government’s decision to ease restrictions on chip exports to China sparked hopes of improving relations between the world’s two largest economies and could pave the way for Super Micro Computer, Inc. (NASDAQ:SMCI) to expand both in sales and manufacturing.

Based on its historical earnings reporting dates, Super Micro Computer, Inc. (NASDAQ:SMCI) is set to release in the first week of August the results of its fourth quarter and full year performance for the fiscal year 2025.

While we acknowledge the risk and potential of SMCI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than SMCI and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.