Why Is Super Micro Computer Stock Trending Tonight?
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Super Micro Computer Inc. (NASDAQ:SMCI) shares surged 9.30% to $52.40 during regular trading on Wednesday, marking three consecutive days of gains. However, the stock dipped 0.5% to $52.12 in after-hours trading. Despite missing fourth-quarter sales estimates, SMCI outperformed major tech competitors. The stock traded 47.75 million shares, exceeding its average volume, and has a year-to-date gain of 71.92%. SMCI's current price-to-earnings ratio is 31.39, with a market cap of $31.14 billion.
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Source: Benzinga The copyright of this article belongs to the original author/organization.
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