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Benzinga

Business

Chandrima Sanyal

SMCX Pops 50% As Super Micro Shocks Wall Street With AI Margin Windfall

Super Micro SMCI ETF Super Micro Computer Inc.

Super micro,Company,Logo,Displayed

The Defiance Daily Target 2X Long SMCI ETF (NASDAQ:SMCX) surged nearly 50% Wednesday, delivering roughly twice the gains of its underlying stock as traders piled into Super Micro Computer Inc. (NASDAQ:SMCI) following a blockbuster preliminary fourth-quarter update.

While SMCI jumped 26% on stronger-than-expected margins and a record AI order pipeline, SMCX emerged as one of the session’s top-performing leveraged ETFs, highlighting the growing appeal of single-stock leveraged products as traders seek amplified exposure to earnings and AI-driven catalysts.

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