Why Super Micro Computer Stock Is Soaring Today

Super Micro Computer (NASDAQ: SMCI) stock is surging in Wednesday's trading thanks to multiple bullish catalysts. The company's share price was up 5.6% as of 3:30 p.m. ET and had been up as much as 10.2% earlier in trading.Supermicro stock is seeing an uptick in bullish momentum following the latest inflation data from the Bureau of Labor Statistics. The server specialist's valuation is also getting a boost from the company's new cybersecurity partnership and a report that Nvidia and other semiconductor leaders could be teaming up to purchase Intel's chip foundry business.In addition to bullish momentum for the broader market spurred by lower-than-anticipated inflation, Supermicro stock is getting a boost from a new cybersecurity initiative. The company published a joint press release with Exein this morning announcing that the two companies had entered into a new technology partnership.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool