10 Stocks Lead Friday’s Charge

2. Super Micro Computer Inc. (NASDAQ:SMCI)

Super Micro rallied by 7.80 percent on Friday to close at $42.15 each as investor sentiment was fueled by the company’s announcement of a new optimized storage server for high-performance software-defined storage workloads.

According to SMCI, it closely partnered with Nvidia Corp. (NASDAQ:NVDA) and Weka to develop the project which it expects will “allow customers to benefit from NVDA’s innovations in both CPUs and DPUs.”

The server uses an NVIDIA Grace CPU Superchip with 144 Arm Neoverse V2 cores which enable high-performance I/O for software-defined storage workloads.

“We have demonstrated that the system can fully unleash the system’s PCIe Gen5 performance SSD bandwidth with linear scalability. Supermicro continues to bring to market the most advanced and optimized storage solutions available,” SMCI said.