Super Micro Stock Price (SMCI) Makes $60 Breakout As Stock Doubles YTD
Super Micro Computer’s stock price (NASDAQ: SMCI) has built up a head of steam this year, before finally breaking $60 resistance in Monday’s session, as buyers continue to step in.
SMCI added an impressive 10.24% yesterday to close out at $60.05, to not only break the level, but the close above for only the second time this year (Feb 19th being the other). With this morning’s pre-market action indicating a further move higher to $61, Super Micro’s stock will have more than doubled since the start of the year.
One of the most significant catalysts for SMCI’s recent surge is the $20 billion partnership with DataVolt, a Saudi Arabian data center company.
This five-year agreement involves supplying GPU platforms and rack systems for…
