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Benzinga
Benzinga
Business
Surbhi Jain

SMCI Surges 65% In A Week, But Is Volatility The New Normal?

SMCI Super Micro Nasdaq

Super Micro Computer Inc. (NASDAQ:SMCI) is giving traders a rollercoaster they can't resist. The server maker, famous for its AI systems powering Nvidia Corp's (NASDAQ:NVDA) chips, saw its stock skyrocket 65% in a single week.

The stock opened the trading day of Monday, Nov. 18 at $20.03/share and closed Friday, Nov. 22 at $33.15/share. The stock was seen attempting to claw its way back from a six-month slump that wiped out nearly 60% of its value.

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