Super Micro Computer Rises Over 3% as Nvidia Earnings Boost AI Hardware Demand

Super Micro Computer, Inc. shares rose more than 3% on Thursday, as NVIDIA Corp.'s latest earnings report reinforced optimism around AI infrastructure demand, while S&P 500 futures gained 0.50%.

Nvidia and Supermicro are closely linked through AI infrastructure. Nvidia supplies GPUs, networking chips, and AI software, while Supermicro integrates these technologies into high-performance servers, racks, and cooling systems.

Supermicro is also typically among the first hardware vendors to deploy Nvidia's new architectures, making it a key partner in bringing Nvidia-powered AI systems into data centers.

Nvidia Earnings Keep AI Hardware Demand in Focus

Nvidia shares surged over 7% in pre-market trading after reporting second-quarter revenue of $96.22 billion, beating the expected $92.18 billion. Adjusted earnings per share came in at $2.22, also above the $2.10 estimate, with gross margin reaching 75.0%.

As investors reacted to Nvidia's latest comments on AI demand, the report kept AI hardware stocks like Supermicro in the spotlight.

Nvidia also guided third-quarter revenue between $105.84 billion and $110.16 billion, with $99.0 billion remaining in its stock buyback authorization at quarter-end.

Analyst consensus and recent rating changes: Supermicro stock is rated Hold, with an average price target of $36.20. Recent analyst adjustments include:

Citi: Neutral

Goldman Sachs: Sell

Mizuho: Neutral

Key ETF Holdings

iShares Future AI & Tech ETF: Weight 3.46%

VanEck Preferred Securities ex Financials ETF: Weight 4.10%

Defiance Daily Target 2X Long SMCI ETF: Weight 26.74%

Importance: Given SMCI's extremely high weightings in these funds, any significant inflows or outflows into these ETFs could force automatic buying or selling of the stock.

SMCI Price Action: As of Thursday's writing, Super Micro Computer shares were up 2.70% at $38.39.