Super Micro Computer, Inc. (NASDAQ:SMCI) stock gained over 3% on Thursday as NVIDIA Corp.’s (NASDAQ:NVDA) latest earnings reinforced optimism around AI infrastructure demand, while S&P 500 futures rose 0.50%.
Nvidia and Supermicro are closely linked through AI infrastructure. Nvidia supplies GPUs, networking chips and AI software, while Supermicro integrates those technologies into high-performance servers, racks and cooling systems.
Supermicro is also often among the first hardware vendors to deploy new Nvidia architectures, making it an important partner in bringing Nvidia-powered AI systems into data centers.
Nvidia Results Keep AI Hardware Demand In Focus
Nvidia stock jumped more than 7% premarket after reporting second-quarter revenue of $96.22 billion, beating the $92.18 billion estimate. Adjusted EPS of $2.22 also topped the $2.10 estimate, while gross margin reached 75.0%.
The results kept AI hardware stocks such as Super Micro in focus as investors reacted to Nvidia’s latest AI-demand commentary.
Nvidia also guided third-quarter revenue to between $105.84 billion and $110.16 billion and ended the quarter with $99.0 billion remaining under its share repurchase authorization.
Analyst Consensus & Recent Actions: Super Micro stock carries a Hold rating with an average price forecast of $36.20. Recent analyst moves include:
- Citigroup: Neutral (Raises Forecast to $39.00) (Aug. 12)
- Goldman Sachs: Sell (Raises Forecast to $34.00) (Aug. 12)
- Mizuho: Neutral (Raises Forecast to $35.00) (Aug. 12)
Top ETF Exposure
- iShares Future AI & Tech ETF (NYSE:ARTY): 3.46% Weight
- VanEck Preferred Securities ex Financials ETF (NYSE:PFXF): 4.10% Weight
- Defiance Daily Target 2X Long SMCI ETF (NASDAQ:SMCX): 26.74% Weight
Significance: Because SMCI carries such a heavy weight in these funds, any significant inflows or outflows for these ETFs will likely force automatic buying or selling of the stock.
SMCI Price Action: Super Micro Computer shares were up 2.70% to $38.39 at the time of publication on Thursday, according to Benzinga Pro data.
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