SMCI Stock Surges Over 26% in Wednesday Pre-Market. What's Going On? - NVIDIA (NASDAQ:NVDA), Super Micro Computer (NASDAQ:SMCI)
1. Super Micro's stock rose 26.3% after averting Nasdaq delisting. 2. Revised financials show sales doubled to $14.99 billion in fiscal 2024. 3. Demand for Nvidia's GPUs drives Super Micro's robust growth. 4. Goldman Sachs increased Super Micro's price target from $32 to $36. 5. CEO emphasizes focus on core business after compliance issues.