Super Micro Computer (SMCI) Shares Surge 13%

The Super Micro Computer, Inc. (SMCI) stock chart shows:
→ Friday’s closing price rose over 13% from Thursday’s close;
→ The stock has surged more than 80% from its February low;
→ Friday’s close marked the highest level since late October 2024.

SMCI’s rally comes despite an 11 February quarterly report that missed expectations:
→ EPS: $0.59 vs. expected $0.60;
→ Revenue: $5.65bn vs. expected $5.72bn.

Bullish sentiment is driven by (according to media reports):
→ A forecasted $40bn revenue for FY2026, 70% higher than projected FY2025 revenue;
→ Reports indicate that SMCI shares are unlikely to be delisted from NASDAQ due to financial reporting issues (which we previously discussed when analysing the SMCI stock chart on 3 December);
→ Investor enthusiasm for AI and rapid data centre construction to support it.

Technical Analysis of SMCI Stock

The price has reached the key psychological level of $50 per share:
→ Historical price action at this level has often triggered significant reversals;
→ A bullish cup-and-handle pattern is forming.

A higher second low suggests growing demand strength, potentially leading to a bullish breakout above $50.

SMCI Stock Price Forecast

Analysts remain cautious. According to Yahoo Finance:
→ Only 2 of 6 analysts recommend buying SMCI shares;
→ The 12-month average price target is $47.91.