Why Super Micro Computer (SMCI) Soared on Friday?

We recently published a list of Shares of 10 Firms Soar on Friday. In this article, we are going to take a look at where Super Micro Computer, Inc. (NASDAQ:SMCI) stands against other firms that soared on Friday.

Wall Street finished mixed anew on Friday, as investors continued to weigh fresh developments on tariffs and inflation data.

The Nasdaq was the sole index eking out gains, up 0.41 percent. The Dow Jones decreased by 0.37 percent while the S&P 500 was little changed, dipping 0.01 percent.

In line with Nasdaq’s rally, 10 companies predominantly under the technology sector led the charge. In this article, we detailed the reasons behind their stellar performance.

To come up with this list of biggest advancers, we considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume.

A team of technicians in a server room, testing and managing the newest server solutions.

Super Micro Computer, Inc. (NASDAQ:SMCI)

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) increased for a third consecutive day on Friday, adding 13.32 percent to close at $47.91 apiece as investors extended buying positions following the company’s optimistic long-term revenue projections.

Earlier this week, Super Micro (NASDAQ:SMCI) said revenues for fiscal year 2026 were expected to grow $40 billion, way higher by $10 billion than analyst consensus. Growth was 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.

For the second quarter of fiscal year 2025, Super Micro (NASDAQ:SMCI) expects to have achieved revenues 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, flat from the same period a year earlier.

Overall, SMCI ranks 10th on our list of firms that soared on Friday. 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.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap

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