Super Micro Computer shares are trading higher as AI and chip stocks gain following Microsoft earnings.
Portfolio Pulse from Benzinga Newsdesk
Super Micro Computer (SMCI) shares are trading higher, benefiting from the broader gains in AI and chip stocks, which were spurred by positive Microsoft earnings.
April 26, 2024 | 4:17 pm
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Super Micro Computer shares are experiencing an uptick, likely influenced by the positive momentum in the AI and chip sector following Microsoft's earnings announcement.
SMCI's stock is directly benefiting from the positive sentiment in the technology sector, especially within AI and chip stocks, following Microsoft's earnings report. This suggests a short-term bullish outlook for SMCI as it rides the wave of sector-wide optimism.
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