/Super%20Micro%20Computer%20Inc%20HQ%20photo-by%20Tada%20Images%20via%20Shutterstock.jpg)
Supermicro (SMCI) shares pushed higher on March 31 after reports of a potential ceasefire in the Middle East eased Iran war fears, tempering the recent spike in energy prices.
Additionally, Fed Chair Jerome Powell signaled a cautious approach to inflation and no immediate need to raise interest rates despite geopolitical supply shocks, further adding to the momentum in tech stocks.