Why Super Micro Computer Is Bouncing Back Today
Shares of artificial intelligence (AI) server specialist Super Micro Computer (NASDAQ: SMCI) were rallying in Monday trading, up 7.2% as of 12:04 p.m. ET.
The server maker plunged last week after the company's fiscal fourth-quarter earnings report, which showed booming revenue growth but also a decline in margins. But after last week's drubbing, along with the recent sell-off in AI-related stocks, Supermicro and other AI names are bouncing back strongly today.
Aiding the bounce was a weekend Wall Street Journal article featuring the company's new direct liquid cooling (DLC) products.
Source Fool.com
