10 Firms Blowing Up by Double Digits Today

3. Super Micro Computer, Inc. (NASDAQ:SMCI)

Super Micro Computer extended its rally for a third consecutive day on Wednesday, jumping 15.71 percent to close at $45 apiece as investors resumed buying following an analyst’s bullish outlook for the company.

Earlier this week, Raymond James said it initiated coverage of Super Micro Computer, Inc. (NASDAQ:SMCI) and gave the latter an “outperform” rating with a price target of $41, an upside of 5.42 percent from the company’s latest closing price.

According to the investment firm, Super Micro Computer, Inc. (NASDAQ:SMCI) carved out a solid spot in the AI race, with a 9 percent market share in a $145-billion market.

In the third quarter ending March 31, 2025, Super Micro Computer, Inc. (NASDAQ:SMCI) recorded a 73-percent drop in net income at $108 million versus $402 million in the same period last year.

Net sales, however, increased by 19 percent to $4.599 billion from $3.850 billion year-on-year.