Jim Cramer Discussed These 11 Stocks & Erratic Stock Market Performance

5. Super Micro Computer, Inc. (NASDAQ:SMCI)

Number of Hedge Fund Holders In Q3 2024: 45

Super Micro Computer, Inc. (NASDAQ:SMCI) is a computer hardware company whose shares have been among the most volatile in today’s AI era. The stock sank by 19% in 2024 after the firm failed to file its 10-K report in the aftermath of short seller allegations of accounting improprieties. As Super Micro Computer, Inc. (NASDAQ:SMCI) depends on NVIDIA’s GPUs to make servers, reports of troubles between the two didn’t help the shares either. however, the stock is up by an unbelievable 100% year-to-date as the firm resolves accounting concerns and re-establishes its relationship with NVIDIA. Cramer’s upbeat about Super Micro Computer, Inc. (NASDAQ:SMCI):

“[On SMCI above 200 day average] Oh jeez! They got the order that was really important. The stock has been going up ever since they got the order because people feel like they couldn’t find an order. The, they’re doing well with NVIDIA. They’re doing better than HPE, with NVIDIA. Again, just going back to the lawsuit. You know when you’re getting beaten by Super Micro and Dell, and then you’re in front of these regulators and the acquisition you make is really kind of make it so you’re stronger than these other guys, or at least have something going for you, they don’t include that kind of thing. Super Micro is back, I find it amazing. I find it amazing because when you lose your order because they don’t trust the numbers and then you’re back, but I would say, everyone, no one can test their abilities, their ability to be able to do the racking. . . .Remember they have to build Blackwell which is the latest and greatest, NVIDIA. They have to test it, they have to disassemble it, then they have to truck it, and then they have to rebuild it. And that’s something that Super Micro helps, something that Dell’s going to report. I think that Dell’s going to have a good quarter, I know that the last quarter, people didn’t like. But they didn’t have the advantage of having Blackwell, which is something they have great, great ability to . . . “