SMCI

Super Micro Computer stock surged Friday as earnings from artificial-intelligence server peer Dell Technologies had investors excited about the growth ahead for hardware stocks. Super Micro stock jumped 10% to $45.48 on Friday following Dell’s report. Dell stock also soared, after the company said Thursday night that quarterly revenue for its AI-optimized servers rose 757% from the prior year.

Dell has been benefitting from strong AI demand for a while now. Dell’s share price soared nearly 33% on Friday following the company’s fiscal first-quarter results. Dell’s market capitalization now exceeds the combined value of competitors Hewlett Packard Enterprise, HP, Super Micro and Lenovo.

June S&P 500 E-Mini futures (ESM26) are trending up +0.18% this morning as investors became more confident that the U.S. and Iran are nearing a deal. The U.S. and Iran have reportedly reached a tentative deal to extend the ceasefire by 60 days, which would include the reciprocal reopening of the Strait of Hormuz during the first 30 days. It would mark the first phase of a multistage framework, which the U.S. hopes will result in Iran scaling back its nuclear program for decades. “We perhaps have the makings of a deal here,” Treasury Secretary Scott Bessent said on Thursday. A deal is reportedly awaiting approval from U.S. President Donald Trump. The price of WTI crude fell over -1% on Friday. ARM Stock Is Valued for Eternity, But Silicon Has an Expiration Date Ford Stock Is Moving Like Tesla Now. Its Results Can’t Justify the Premium. S&P 500 and Nasdaq 100 Post Record Highs on US-Iran Truce Reports Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! “If a deal is agreed upon, we should see another leg higher in risky assets and lower in rates. Positioning suggests that the rates market should see a greater reaction than equities,” said Mohit Kumar at Jefferies. Sentiment was also supported by some positive corporate news. Dell Technologies (DELL) popped over +37% in pre-market trading after the hardware maker posted upbeat Q1 results and raised its full-year revenue guidance amid surging demand for servers that power AI workloads. Also, Okta (OKTA) climbed more than +7% in pre-market trading after the company reported stronger-than-expected Q1 results and boosted its annual guidance. In yesterday’s trading session, Wall Street’s major indices closed higher, with the S&P 500 and Nasdaq 100 notching new record highs. Chip stocks climbed, with Arm Holdings (ARM) jumping more than +10% and Advanced Micro Devices (AMD) rising over +4%. Also, Snowflake (SNOW) popped over +36% after the data warehousing company reported strong Q1 results, raised its full-year product revenue guidance, and expanded its collaboration with Amazon Web Services. In addition, Agilent Technologies (A) surged more than +16% and was among the top percentage gainers on the S&P 500 after the company posted upbeat FQ2 results and raised its full-year guidance. On th...

Download the Complete Report Here Key Takeaways: Alpha Compute Corp.’s (ALP) mid-quarter update points to a material inflection from concept-stage AI infrastructure buildout toward contracted, revenue-generating operations. ALP secured a $32.2 million, two-year agreement with a leading AI research firm, translating to $16.1 million of annual contracted revenue, up from ~$30,000 in 1Q26. The contract supports ALPHA-01, the company’s inaugural enterprise-scale deployment comprising 504 NVIDIA B200 GPUs in Canada. ALP is also advancing ALPHA-02, a 576-GPU NVIDIA B300 cluster in Sweden targeted for 3Q26 deployment. Importantly, ALP now expects $21 million in NTM revenue, including contracted AI compute revenue and expected contribution from the pending GAMEE acquisition, alongside a $200+ million qualified sales pipeline across AI research, enterprise, and sovereign compute customers. The NTM outlook is a key scale-up indicator, extending beyond the initial AI lab contract to reflect broader infrastructure monetization and anticipated contribution from GAMEE. The rebrand from AlphaTON Capital to Alpha Compute formalizes the company’s strategic shift from Telegram ecosystem exposure to AI GPUaaS and confidential compute infrastructure. The company changed its name and Nasdaq ticker from ATON to ALP on April 20, 2026, explicitly positioning itself as an AI GPU-as-a-service and confidential compute platform rather than primarily a TON ecosystem investment vehicle. The new platform is focused on confidential AI compute, sovereign AI infrastructure, scalable GPU deployment, and privacy-native AI ecosystems, with binding agreements for the deployment of over 1,000 Blackwell-generation GPUs and strategic relationships across Telegram, Animoca Brands, Midnight Network, and GAMEE. The Cocoon software stack deployment is in pilot phase as Telegram begins scaling applications, while the GAMEE acquisition is nearing completion pending final audits. Strategically, ALP is positioning for rising demand from regulated AI workloads through hardware-level encryption and TEE-based confidential compute powered by Blackwell-generation GPUs. We believe the $32.2 million AI lab contract provides the clearest commercial validation of ALP’s AI compute strategy, establishing a measurable revenue baseline for the platform. The two-year definitive lease agreement with a leading frontier ar...

Earnings season is winding down, but we still have a couple of big name companies reporting. This week we have Dell Technologies (DELL), Marvell Technology (MRVL), Snowflake (SNOW), Salesforce (CRM) and Costco (COST) all reporting. Before a company reports earnings, implied volatility is usually high because the market is unsure about the outcome of the report. Speculators and hedgers create huge demand for the company’s options which increases the implied volatility, and therefore, the price of options. Micron Stock is Up over 133% From Its Lows - But Is MU Still Undervalued? Nvidia Hikes Its Dividend and Buybacks Based on Surging FCF - Is NVDA Too Cheap? Real Money Flows + Fed Pause + Seasonal Timing: The AUD Setup Traders Are Watching! Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. After the earnings announcement, implied volatility usually drops back down to normal levels. Let’s take a look at the expected range for these stocks. To calculate the expected range, look up the option chain and add together the price of the at-the-money put option and the at-the-money call option. Use the first expiry date after the earnings date. While this approach is not as accurate as a detailed calculation, it does serve as a reasonably accurate estimate. Monday Memorial Day Holiday Tuesday Nothing of note Wednesday MRVL – 13.5% SNOW – 13.5% PDD – 6.5% CRM – 8.7% SNPS – 8.5% Thursday DELL – 11.7% COST – 3.7% Friday Nothing of note Option traders can use these expected moves to structure trades. Bearish traders can look at selling bear call spreads outside the expected range. Bullish traders can sell bull put spreads outside the expected range, or look at naked puts for those with a higher risk tolerance. Neutral traders can look at iron condors. When trading iron condors over earnings, it is best to keep the short strikes outside the expected range. When trading options over earnings, it is best to stick to risk defined strategies and keep position size small. If the stock makes a larger than expected move and the trade suffers a full loss, it should not have more than a 1-3% effect on your portfolio. Stocks With High Implied Volatility We can use Barchart’s Stock Screener to find other stocks with high implied volatility. Let’s run the stock screener with the following filters: Total call v...

Dell Technologies (DELL) stock surged 15% to $290.55 on beat-and-raise expectations ahead of May 28 earnings, with Bank of America projecting strong Q1 results and a raise to FY27 guidance. Hewlett Packard Enterprise (HPE) stock climbed 9% on similar AI capex tailwinds, with Q1 FY26 Networking revenue up 152% YoY to $2.71B. Super Micro Computer (SMCI) stock gained only 5% as it continues rebuilding trust after governance issues and customer share migration to Dell. The analyst who called NVIDIA in 2010 just named his top 10 stocks and Dell Technologies wasn't one of them. Get them here FREE. Shares of Dell Technologies (NYSE:DELL) are up 15% in late morning trading on Friday, leading a broad rally across AI server names. Hewlett Packard Enterprise (NYSE:HPE) is climbing 9%, while Super Micro Computer (NASDAQ:SMCI) is trailing the group with a 5% gain. Dell shares opened from a Thursday close near $252.80 and pushed to $290.55 intraday. A 15% single-day move is unusual for a name with a ~$94 billion market cap and signals real positioning conviction, not just sympathy buying. The analyst who called NVIDIA in 2010 just named his top 10 stocks and Dell Technologies wasn't one of them. Get them here FREE. The move comes one week before Dell reports fiscal Q1 2027 results. Dell is scheduled to report its fiscal Q1 FY27 earnings on May 28. Bank of America published a preview earlier this week expecting a beat on both revenue and EPS, along with a raise to FY27 guidance. The prediction markets agree, with Polymarket pricing in a 94% probability that Dell beats its $2.95 non-GAAP EPS consensus. The setup builds on Dell's blowout Q4 FY26 print that delivered revenue of $33.38 billion, AI-optimized server revenue of $8.95 billion (up 342% year over year (YoY)), and a record $43 billion AI backlog entering FY27. Management has guided full-year FY27 revenue to $138 billion to $142 billion, with AI-optimized servers projected near $50 billion. Retail sentiment on Reddit had already turned very bullish heading into the week, suggesting the move validated existing positioning. HPE is participating in the rally on similar AI capex logic, but without a near-term earnings catalyst of its own. The ProLiant AI server lineup and Cray-branded HPC systems give the company genuine hyperscaler exposure, and the Juniper Networks acquisition added networking optionality that has alrea...

Networking stocks got a serious boost this week after Cisco (CSCO) put up a strong fiscal Q3 2026 report. On May 13, the company posted networking revenue of $8.82 billion, up 25%, thanks to heavy spending on AI infrastructure and campus networking gear. The market liked what it saw. Cisco shares jumped between 18% and 22% in after-hours trading, and that enthusiasm spread quickly across the sector. Nokia (NOK) climbed more than 10%, which is notable because the company is starting to shake off its old image as just a legacy telecom business. NVDA Earnings, Alphabet Conference and Other Can't Miss Items this Week Microsoft Stock Is an AI Bargain That Investors Are Missing A $1.5 Trillion Reason to Buy Taiwan Semi Stock Here Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! This wasn't just traders piling into anything networking-related. AI buildouts are picking up speed, with major cloud companies planning to spend hundreds of billions in 2026 to handle larger training clusters and inference workloads. So here's the real question. If Cisco's results show that networking demand is heating up again, does Nokia have what it takes to be the next big winner in this space? Let's dive in. Nokia Corporation, based in Espoo, Finland, has a market value of about $83 billion and builds telecom equipment, optical gear, and network software for carriers, enterprises, and data centers. The Finnish gear maker is positioned to benefit when spending on connectivity, AI, and carrier infrastructure strengthens across global markets. As for the stock, NOK is up about 116% since the year started, 169% gain over the past 52 weeks, and closed at $13.98 on May 15. Even so, the valuation looks a bit rich. It trades at 33.72x trailing earnings and 27.59x cash flow, both above sector medians of 24.52x and 18.01x. Its latest quarterly report, released in March 2026, helped support the bullish view. Nokia posted $0.06 in earnings per share, while sales came in at $5.26 billion, down 25.60% quarter-to-quarter, so revenue was softer even though the company stayed profitable. That same quarter also showed stronger cash generation. Their operating cash flow rose to $578 million, up about 30% from the prior quarter, which suggests the core business was hol...

Interested in Netlist, Inc.? Here are five stocks we like better. Netlist posted record Q1 2026 revenue of $104.9 million, up 262% from a year earlier, as tight memory supply and higher DRAM pricing drove both top-line growth and margin improvement. The company also reported operating income of $8.6 million, a sharp turnaround from the prior-year quarter. Management said AI-driven demand is keeping the memory market structurally undersupplied, with supply constraints expected to persist until new fabrication capacity comes online later next year. Netlist highlighted continued demand for its Lightning DDR5 products, along with ongoing work on CXL, NVDIMM and low-power MRDIMM technologies. Patent litigation remains a major strategic focus, with Netlist pursuing ITC action against Samsung, Google and Supermicro and expecting more appellate activity through year-end. The company said it has won several favorable rulings recently, including PTAB and Federal Circuit wins on key patents. Netlist (OTCMKTS:NLST) reported record quarterly revenue for the first quarter of 2026, citing strong demand for memory products, tight industry supply and higher DRAM pricing as key drivers of its performance. Chief Executive Officer Chuck Hong said the company delivered “a strong first quarter performance,” with record revenue and a significant improvement in profitability. He said demand remains healthy across Netlist’s key end markets, while supply remains tight across OEM and distribution channels. → Micron Investors Face a High-Stakes Moment After the Latest Rally “The memory market remains structurally undersupplied,” Hong said, pointing to accelerating AI-driven demand and constrained DRAM capacity. He said the imbalance is affecting areas ranging from smartphones to data center servers, and that industrywide supply constraints are expected to persist until new fabrication capacity comes online later next year, potentially delaying meaningful relief until 2029. Chief Financial Officer Gail Sasaki said first-quarter revenue was $104.9 million, up 262% from the first quarter of 2025. She said results reflected tight memory supply, accelerating demand and rising DRAM prices, which supported both revenue growth and gross margin improvement. → How Bad Could Tesla’s Cybertruck Recall Be for Shares? Netlist posted operating income of $8.6 million, an improvement of $18 million com...

Super Micro’s first quarter was marked by robust year-over-year growth but a notable shortfall relative to Wall Street’s revenue expectations. Despite component shortages and delayed customer site readiness, management pointed to strengthening demand across AI infrastructure and enterprise segments. CEO Charles Liang attributed the quarter’s momentum to the company’s Data Center Building Block Solutions (DCBBS), improved product mix, and a significant recovery in non-GAAP gross margins. Management emphasized that short-term delivery delays were not lost sales but rather deferred opportunities expected to be recognized in upcoming quarters. Is now the time to buy SMCI? Find out in our full research report (it’s free). Revenue: $10.24 billion vs analyst estimates of $12.38 billion (123% year-on-year growth, 17.3% miss) Adjusted EPS: $0.84 vs analyst estimates of $0.62 (34.5% beat) Adjusted EBITDA: $765.4 million vs analyst estimates of $571.9 million (7.5% margin, 33.8% beat) Revenue Guidance for Q2 CY2026 is $11.75 billion at the midpoint, above analyst estimates of $10.92 billion Adjusted EPS guidance for Q2 CY2026 is $0.72 at the midpoint, above analyst estimates of $0.56 Operating Margin: 6.1%, up from 3.2% in the same quarter last year Market Capitalization: $20.13 billion While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Ananda Baruah (Loop Capital): Asked about the impact of the federal investigation on customer confidence. CEO Charles Liang reported that most customers remain supportive and business relationships are intact. W. Chiu (Raymond James): Inquired whether the investigation might affect key supplier relationships, especially with NVIDIA. Liang confirmed that partnerships remain strong and allocation has not been impacted. Asiya Merchant (Citi): Sought clarity on ongoing supply constraints and potential changes in the customer base for DCBBS. Liang acknowledged persistent shortages but highlighted growing enterprise and NeoCloud customers globally. Katherine Murphy (Goldman Sachs): Asked about onetime items affecting gross margins and how delayed deals might impact future margins. CFO David Weigand note...

This article first appeared on GuruFocus. Release Date: May 14, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Nano Nuclear Energy Inc (NASDAQ:NNE) has submitted a construction permit application for its Kronos MMR to the U.S. NRC, marking a significant milestone in its development process. The company has a strong financial position with approximately $569 million in cash, cash equivalents, and short-term investments. NNE is advancing strategic partnerships, including a collaboration with Supermicro and a joint venture with EHC Investment, to enhance commercialization and deployment opportunities. The Kronos MMR design benefits from a superior safety profile, using helium and inert gas as coolant and TRISO fuel, which enhances its deployment potential. NNE is focusing on vertical integration across the nuclear fuel cycle, which is expected to provide competitive advantages and enhance long-term reactor economics. The company faces potential delays in the licensing process, as the acceptance of the construction permit application by the NRC is still pending. NNE's net loss increased to $9.2 million in Q2, reflecting higher expenses associated with advancing the Kronos MMR development. The company anticipates higher expenses in the future as it scales its team and initiates procurement for long lead items. There are uncertainties around the timing and success of securing non-dilutive funding opportunities to support its projects. The transportation of nuclear fuel and materials is identified as a potential bottleneck, requiring further development of in-house capabilities and partnerships. Warning! GuruFocus has detected 6 Warning Signs with GENK. Is NNE fairly valued? Test your thesis with our free DCF calculator. Q: Regarding the Barupon feasibility study, can you provide more detail around the potential timing of that one gigawatt of capacity and what the next steps look like from here? A: James Walker, CEO: We've completed the feasibility study and are now discussing the next stage, which involves examining the licensing requirements. This will include drilling and gathering geotechnical work for a construction permit application at the Barupon site. Once the construction permit is approved, we can start site preparation, with the process dependent on the licensing at UIUC. Q: Can you provide more...

Super Micro Computer, (NASDAQ:SMCI) which develops and sells modular AI server and storage solutions closed Wednesday at $34.65, up 24.51%. The stock moved higher after fiscal Q3 results showed an earnings beat, improving margins, and strong AI data center demand. Investors are watching management’s above-consensus revenue outlook and AI infrastructure growth narrative next. Trading volume reached 125.4 million shares, coming in about 228% higher than its three-month average of 38.2 million shares. Super Micro Computer IPO'd in 2007 and has grown 3,855% since going public. The S&P 500 (SNPINDEX:^GSPC) gained 1.46% to finish Wednesday at 7,365, its first close above 7,300. The Nasdaq Composite (NASDAQINDEX:^IXIC) advanced 2.02% to close at 25,839. Within computer hardware, industry peers Dell Technologies (NYSE:DELL) closed at $238.81 (+10.40%) and Hewlett Packard Enterprise (NYSE:HPE) finished at $30.37 (+1.10%) as investors reassessed AI server demand. Super Micro’s earnings report was a relief for investors, and the stock reaction proved it. Shares are still 70% off 2024 highs after investors fled due to several past issues. Investors are trying to get beyond past internal control problems and an ongoing investigation into whether its co-founder was separately involved with illegal server shipments to China. The fiscal Q3 earnings report showed robust AI data center demand, though, along with a welcome recovery in gross margins. Forward guidance also impressed investors, strengthening the growth strategy centered on AI. Super Micro shares could yet be attractive, though investors would need to be comfortable moving beyond past issues. Before you buy stock in Super Micro Computer, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Super Micro Computer wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $473,985!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,204,650!* Now, it’s worth noting Stock Advisor’s total average return is 950% — a market-crushing outperformance compared to 203% for the S&P 500. Don't mis...

Image source: The Motley Fool. Tuesday, May 5, 2026 at 5 p.m. ET Founder, Chairman, and Chief Executive Officer — Charles Liang Chief Financial Officer — David E. Weigand Vice President, Investor Relations — Michael Thomas Staiger Michael Thomas Staiger: Good afternoon, and thank you for attending Super Micro Computer, Inc.’s call to discuss financial results for the third quarter of fiscal 2026, which ended March 31, 2026. As you know, with me today are Charles Liang, Founder, Chairman, and Chief Executive Officer, and David E. Weigand, Chief Financial Officer. By now, you should have received a copy of the press release from the company that was distributed at the close of regular trading, and it is available on the company’s website. As a reminder, during today’s call, the company will refer to a presentation that is available to participants in the Investor Relations section of the company’s website under the Events and Presentations tab. We have also published management scripted commentary on our website. Please note that some of the information you will hear during our discussion today will consist of forward-looking statements, including, without limitation, those regarding revenue, gross margin, operating expenses, other income and expenses, taxes, capital allocation, and future business outlook, including guidance for the fourth quarter of 2026 and the full fiscal year 2026. These statements and other comments are based on management’s current expectations and assumptions and involve material risks and uncertainties that could cause actual results or events to differ materially from those anticipated, and you should not place undue reliance on forward-looking statements. You can learn more about these risks and uncertainties in the press release we issued earlier today, our most recent 10-K filing for fiscal 2025, and other SEC filings. All of these documents are available on the IR page of Super Micro Computer, Inc.’s website. We assume no obligation to update any forward-looking statements. Most of today’s presentation will refer to non-GAAP financial results and business outlook. For an explanation of our non-GAAP financial measures, please refer to the company presentation or to our press release published earlier today. The non-GAAP measures are presented as we believe they provide a means of evaluating and understanding how management evaluat...