We recently published a list of 10 Firms Kick Off Shortened Trading Week With Impressive Gains. In this article, we are going to take a look at where Super Micro Computer, Inc. (NASDAQ:SMCI) stands against firms that kick off shortened trading week with impressive gains.

The stock market kicked off the shortened trading week on a positive note, with all major indices finishing in the green territory as investors continued to monitor more corporate earnings results.

The S&P 500 led the charge among its peers, recording a modest 0.24 percent gain. The Dow Jones and the tech-heavy Nasdaq were similarly up, albeit posting lackluster gains of only 0.02 percent and 0.07 percent, respectively.

In comparison, 10 companies delivered stronger performances thanks to continued investor confidence. One company in particular stood out for jumping more than 100 percent in just two trading days.

To come up with Tuesday’s top performers, we considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume.

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Super Micro Computer, Inc. (NASDAQ:SMCI)

Super Micro Computer, Inc. (NASDAQ:SMCI) rose for a fourth straight day on Tuesday, jumping 16.47 percent to finish at $55.80 apiece as investors bought up on the company’s optimistic long-term business outlook, alleviating fears about the looming deadline for its delayed regulatory filings.

Last week, the company said it expects to have achieved revenues for the second quarter of fiscal year 2025 to register between $5.6 billion and $5.7 billion, or a 54-percent increase year-on-year.

Diluted net income per share was pegged between 50 cents to 52 cents, or flat from the same period year-on-year.

Meanwhile, Super Micro Computer (NASDAQ:SMCI) said it expects to book revenues of $40 billion for fiscal year 2026, way higher by $10 billion than the analyst consensus, with growth expected to be driven by the integration of DLC technology, which is seen to be adopted by around 30 percent of new data centers over the next 12 months.

Overall, SMCI ranks 3rd on our list of firms that kick off shortened trading week with impressive gains. While we acknowledge the potential of SMCI as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than SMCI but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.