NEW YORK, Jan 16, 2026, 13:11 EST — Regular session
- SMCI jumps roughly 10% on strong volume, bouncing back from an early drop
- Traders highlight a semiconductor-driven rebound alongside positioning ahead of the monthly options expiry
- Attention now turns to post-holiday trading and the Federal Reserve’s January 27-28 meeting
Shares of Super Micro Computer surged $2.95, roughly 10%, to hit $32.37 in early afternoon action, after fluctuating between $29.62 and $32.44. Trading volume exceeded 44 million shares, far surpassing its typical levels.
The rally snapped the AI server maker out of a rough patch that hit many high-beta tech stocks. It happened on a key day: monthly options contracts expire, often stirring sharp intraday swings both ways.
The reason this matters now is straightforward. Super Micro usually acts as a barometer for data-center spending and often outpaces the broader market when chip sentiment shifts. With a long weekend approaching in the U.S., some investors held back from big bets, while others jumped on the rebound.
U.S. stocks nudged upward in choppy trade, led by gains in chipmakers that helped the S&P 500 hold its ground. Shares of memory chip giants Micron and Seagate climbed, while investors remained wary ahead of Monday’s Martin Luther King Jr. Day market shutdown. Attention now shifts to a packed earnings calendar next week, featuring Intel, Netflix and Johnson & Johnson. 1
Taiwan Semiconductor Manufacturing Co’s positive outlook from the previous day gave a lift to U.S.-listed chip stocks like Nvidia and Broadcom. TSMC highlighted strong growth and plans to expand U.S. manufacturing capacity, helping push the semiconductor index higher. 2
Options traders are flagging that Friday’s expiry might trigger bigger swings following a stretch of quiet index action. Brent Kochuba, founder of SpotGamma, noted, “I think this options expiration will allow the S&P 500 to start moving around a bit more,” highlighting how index option positioning tends to suppress volatility until those contracts expire. 3
Options action in Super Micro has picked up pace. According to Nasdaq.com, roughly 164,952 SMCI contracts changed hands on Wednesday. Notably, $31 strike calls expiring Jan. 16 saw hefty volume — these give holders the right to purchase shares at that price before the expiration date. 4
Super Micro builds rack-scale servers and systems for AI and cloud data centers. Its shares often swing with changing opinions on how fast AI infrastructure is expanding. That dynamic works both ways, especially on days like today when trading flows can overshadow the fundamentals.
There wasn’t a clear company-specific driver behind the move, which makes a quick pullback possible. If the semiconductor rally fades after expiration, or if interest rates and risk sentiment shift away from growth stocks, SMCI could easily lose those gains.
When markets resume trading Tuesday post-holiday, investors will be eyeing if chip stocks can sustain their momentum through upcoming earnings and economic events. A major checkpoint is the Federal Reserve’s policy meeting set for Jan. 27-28. 5
