By Adam Clark
Super Micro Computer stock was edging higher early on Friday. There were conflicting signals for the server maker in earnings from companies exposed to the artificial-intelligence trade.
Super Micro shares were up 2.1% at $37.83 in morning trading. The stock dropped 4.8% in the previous session.
In common with other AI-exposed stocks, Super Micro has dropped sharply recently as investors gauge tariff risks and the pace of investment into computing infrastructure. Super Micro is notably down from the highs of around $60 a share reached last month when it avoided delisting and met its compliance deadline for submitting financial filings.
AI chip maker Broadcom gave a broadly reassuring signal in its earnings on Thursday as its revenue and guidance were stronger than expected.
However, AI server maker Hewlett Packard Enterprise gave a weak forecast as it cited inventory issues arising from the transition to Nvidia's Blackwell graphics-processing units and adjustments made for the latest tariffs on goods from China, Canada and Mexico.
Despite the uncertainty about the company's accounting, Super Micro has become a popular AI trade among retail investors, including those using leveraged single-stock funds. That has made the stock's moves notably volatile.
Write to Adam Clark at adam.clark@barrons.com
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March 07, 2025 10:02 ET (15:02 GMT)
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