Supermicro, AI Chip Stocks Notch Record Highs But Pull Back In Volatile Session

Data center specialist Super Micro Computer (SMCI) and artificial intelligence chipmakers Advanced Micro Devices (AMD) and Nvidia (NVDA) saw their shares hit record highs on Monday. But after an initial surge, SMCI stock, AMD and Nvidia retreated in a volatile session.

Super Micro Computer, better known as Supermicro, saw its stock spike 14.8% to a record high after the opening bell. But it soon pulled back. SMCI stock ended the regular session up 3%, while AMD stock rose 0.2%. Nvidia stock saw its shares jump 1.4% in morning trades.

SMCI stock received a boost after the company significantly raised its sales and earnings guidance for the December quarter. Supermicro sells server computers running the latest AI chips from AMD, Intel (INTC), and Nvidia. However, an analyst downgraded AMD stock, stating that investors were overestimating AI chip sales for the company.

In summary, Supermicro, AMD, and Nvidia experienced record-high share prices but faced a pullback in a volatile session. Supermicro’s stock spiked and later settled up, while AMD’s stock was downgraded due to AI chip sales being overestimated by investors. Nvidia saw its shares jump in early trades.