Super Micro Computer (NASDAQ: SMCI) shares led gains in the S&P 500 on Tuesday, climbing 11% to close at $40.84 as artificial intelligence stocks delivered a strong performance. The server maker’s latest surge is part of an ongoing stretch of volatility that has kept investors on their toes.
The stock’s wild ride has been evident in recent weeks. Last month, Supermicro shares soared after the company filed overdue financial reports, avoiding a potential delisting from the exchange. However, even with Tuesday’s double-digit gain, the stock is still down 10% in the weeks since that rally. So far in 2025, Supermicro shares have gained about a third of their value, but they remain more than 60% below their level a year ago.
The broader market faced a rocky session on Tuesday, weighed down by political and economic uncertainty, and ended the day lower. Meanwhile, AI-focused companies outperformed. Alongside Supermicro, shares of its partner Nvidia (NASDAQ: NVDA) closed higher, as did those of chip designer Broadcom (NASDAQ: AVGO) and AI analytics firm Palantir (NASDAQ: PLTR), signaling strength across the sector.
Analysts see potential ahead for Supermicro. According to MarketWatch, Rosenblatt recently resumed coverage with a “buy” rating and a $60 price target. The firm called Supermicro a “show-me story,” suggesting that its stock could rise further if the company meets revenue forecasts and avoids more filing delays.
Meanwhile, Northland raised its price target on Super Micro Computer (NASDAQ: SMCI) to $70.00 from $57.00, while maintaining an “Outperform” rating on the stock.
