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Why Super Micro Computer Rallied 14.2% in November

TheMotleyFool

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Why Super Micro Computer Rallied 14.2% in November: https://g.foolcdn.com/editorial/images/757168/gettyimages-1275073399.jpg

Shares of Super Micro Computer (NASDAQ: SMCI) rose 14.2% in November, according to data from S&P Global Market Intelligence.

The server maker, which has become a darling of the artificial intelligence (AI) revolution, reported earnings on Nov. 1 that handily beat expectations, while also raising full-year guidance.

In addition, Super Micro got a lift when long-term interest rates declined off their October highs following two tamer-than-expected inflation reports. That boosted just about all stocks, but especially technology and growth stocks.

Source Fool.com

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