Why Super Micro Computer, Inc. (SMCI) Soared on Wednesday

We recently compiled a list of the 10 Stocks Outperform Wall Street Indices on Wednesday. In this article, we are going to take a look at where Super Micro Computer, Inc. (NASDAQ:SMCI) stands against the other stocks.

The stock market ended on a mixed note on Wednesday, with the Dow Jones the sole loser during the session, as investor caution persisted amid confusing tariff policies from President Donald Trump.

The Dow Jones dropped by 0.43 percent, while in contrast, the S&P and Nasdaq finished in the green territory, albeit the S&P inched up by only 0.01 percent, and the Nasdaq ended higher by 0.26 percent.

On Wednesday, Trump raised hopes for another month of delay for the imposition of tariffs on goods from Mexico and Canada, while signaling a 25-percent reciprocal tariff on European cars and goods.

Meanwhile, ten companies defied the broader market pessimism, posting modest to strong gains during the day.

To come up with Wednesday’s top gainers, we considered only the stocks with $2 billion in market capitalization and $5 million in daily trading volume.

Super Micro Computer, Inc. (SMCI): Jim Cramer’s Hot Take on This AI Hardware Stock

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Super Micro Computer, Inc. (NASDAQ:SMCI)

Super Micro Computer, Inc. (NASDAQ:SMCI) jumped by 12.23 percent on Wednesday as investors gobbled up shares in the company following the successful submission of its delayed filings on its final deadline, a factor that was vital to keep its position as a listed firm on the Nasdaq exchange.

Super Micro Computer, Inc. (NASDAQ:SMCI) erased earlier losses on Tuesday after cautious investors turned to sellers prior to the company’s submission of delayed filings that occurred after market close.

According to Super Micro Computer, Inc. (NASDAQ:SMCI), the Nasdaq accepted its compliance with the exchange requirements, and the matter is now closed.

In its delayed annual report, Super Micro Computer, Inc. said sales in fiscal year 2024 more than doubled to $14.99 billion year-on-year on the back of growing demand for its products to support artificial intelligence.

Earlier this month, Super Micro Computer, Inc. (NASDAQ:SMCI) said revenue could hit $40 billion in fiscal year 2026 after reaching $23.5 billion to $25 billion in 2025.

Overall SMCI ranks 3rd on our list of Wednesday’s top gainers. While we acknowledge the 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 as promising as SMCI but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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