New York, May 24, 2026, 15:04 EDT
- Super Micro ended Friday at $35.58, up 6.34% on the session and up around 14.6% for the week. The stock gained after chip names rebounded in the middle of the week.
- U.S. markets are shut Monday, May 25, for Memorial Day. SMCI will resume trading Tuesday.
- Nvidia CEO Jensen Huang, speaking to reporters in Taipei, said Super Micro “has to run their own company” when asked about stopping the diversion of AI chips. Reuters
Super Micro Computer goes into the holiday-shortened week after a big rebound. But new compliance issues are surfacing, making things less clear for one of Wall Street’s volatile AI server stocks.
SMCI ended Friday up 6.34% at $35.58. The stock jumped 14.6% this week, bouncing from $31.04 last week with traders returning to chip and server plays ahead of the long weekend.
Why it matters now: Super Micro’s latest rally is back in focus as traders talk up its AI server business. There’s more chatter about chip shipment limits and regulators are watching the sector.
Taiwan prosecutors are investigating three people accused of exporting Super Micro AI servers containing Nvidia chips restricted by U.S. export rules, Reuters said Saturday. Nvidia CEO Jensen Huang told Reuters the company is “very rigorous” about compliance with partners, but said, “Ultimately, Super Micro has to run their own company.” Reuters
Super Micro shares moved after its fiscal Q3 numbers. Net sales were $10.2 billion, up from $4.6 billion last year. Gross margin landed at 9.9%. Net income increased to $483 million from $109 million.
Super Micro CEO Charles Liang said the company is “accelerating” its push to be a data-center infrastructure supplier. Liang pointed to higher margins and more DCBBS sales. Super Micro is looking for fiscal Q4 sales in a range of $11.0 billion to $12.5 billion. For fiscal 2026, the company projects revenue will come in between $38.9 billion and $40.4 billion. Super Micro Computer
Some of the buying here is tied to the outlook. Super Micro missed a few revenue marks for the quarter. Margin improvement is where investors are focused now, looking to see if Super Micro can turn AI demand into higher profits, not just more revenue.
S&P 500 added 0.4% Friday. The Dow finished up 0.6% and the Nasdaq Composite edged 0.2% higher. That puts U.S. stocks up for the eighth week in a row. For the week, the Nasdaq gained 0.5%.
Dell Technologies is set to release fiscal Q1 earnings on May 28. The update comes as the market keeps a close eye on AI server demand. Dell shares gained Friday, with some traders betting orders for AI servers are improving.
Super Micro’s latest earnings didn’t push JPMorgan’s Samik Chatterjee to upgrade his Neutral call, Benzinga reported, citing Sahm Capital. Chatterjee did raise his price target to $32 from $28, pointing to AI demand and stronger margins. He also warned about governance, Super Micro’s capital needs, and pressure on AI-server pricing.
Rebound looks unstable. Buyers might shift to Dell or Hewlett Packard Enterprise if export rules tighten. Another drop in gross margin could send investors back to balance sheet and governance worries instead of watching AI guidance.
SMCI will be in focus for traders Tuesday as the Nasdaq gets back to business after Memorial Day. Shares wrapped up Friday at $62.36, down from the 52-week high but holding up above the March lows seen during the export-control case. The stock is trading in the middle of a shaky rebound.
