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MarketBeat
MarketBeat
Business
Gabriel Osorio-Mazilli

Super Micro Computer Soars 28%: Is It Really Out of the Woods?

One of the biggest debacles in the stock market is whether the technology sector will make it out alright after this quarter. Particularly, the semiconductor industry has grown to represent a larger share of the overall economy and stock market, so it makes names like Super Micro Computer Inc. (NASDAQ: SMCI) and its main supplier, NVIDIA Co. (NASDAQ: NVIDIA), carry more pressure today than ever before.

As if that wasn’t enough, the two are under the spotlight for all the wrong reasons. There are rumors that the entire industry is playing a game of hot potato by rerouting orders and marking inventory suspiciously at best. However, markets still seem faithful to the possibility that these accusations won’t be here for longer or won’t materialize enough to send the stock down.

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