Super Micro Rebounds 3% After This Week's AI Infrastructure Selloff
Super Micro Computer, Inc. (NASDAQ:SMCI) stock moved higher Wednesday as investors returned to AI infrastructure and server-related stocks following a sharp pullback earlier in the week.
Super Micro Rebounds With AI Trade
Super Micro shares gained nearly 3% Wednesday, while the Technology sector rose 1.0% and the S&P 500 advanced 0.4%.
The stock had fallen more than 7% earlier this week during a broader semiconductor and AI infrastructure selloff as investors reassessed the pace of AI infrastructure spending.
That risk-off move also pressured Broadcom Inc. (NASDAQ:AVGO), Advanced Micro Devices Inc. (NASDAQ:AMD), NVIDIA Corp. (NASDAQ:NVDA), Intel Corp. (NASDAQ:INTC) and Marvell Technology Inc. (NASDAQ:MRVL), which fell roughly 3% to 8% on Monday.
Fed Decision Keeps Macro Risk In Focus
Investors are remaining cautious ahead of the Federal Reserve’s interest rate decision later today.
Top ETF Exposure
- iShares Future AI & Tech ETF (NYSE:ARTY): 3.46% Weight
- VanEck Preferred Securities ex Financials ETF (NYSE:PFXF): 4.10% Weight
- VanEck Social Sentiment ETF (NYSE:BUZZ): 3.35% Weight
Significance: Because SMCI carries significant weight in these funds, any significant inflows or outflows for these ETFs will likely force automatic buying or selling of the stock.
Price Action
SMCI Stock Price Activity: Super Micro Computer shares are trading higher by 3.00% at $36.71 at the time of publication on Wednesday, according to Benzinga Pro data.
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