$SMCI surges 13.78% to $33.76 as AI servers rebound
$SUPER MICRO COMPUTER INC(SMCI)$
Super Micro Computer, Inc.(SMCI) Soared +13.78%: AI Server Play Rebounds from Support, $35 Pivot in Focus
Latest Close Data:
As of Feb 4, 2026, SMCI closed at $33.76, surging +13.78% (+$4.09). The stock remains ~49% below its 52-week high of $66.44.
Core Market Drivers:
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The sharp rebound appears driven by a broader recovery in AI and high-performance computing stocks, coupled with potential short covering.
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The significant daily volume of 116 million shares (Volume Ratio: 3.97) and a high turnover rate of 19.38% indicate strong institutional interest and a potential shift in sentiment.
Technical Analysis:
The rally is supported by strong technical signals. The RSI(6) at 73.43 indicates strong short-term momentum, nearing overbought territory.
The MACD histogram turned significantly positive to 0.50, suggesting a strong bullish crossover and accelerating upward momentum, a key reversal signal from recent consolidation.
Key Price Levels:
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Primary Support: $29.65 (Recent low, tested and held).
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Strong Resistance: $35.00 (Immediate psychological and technical hurdle; near the day's high of $34.94).
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Immediate Pivot: $33.76 (Today's close; a break above $35 is critical for further upside).
Valuation Perspective:
SMCI trades at a Forward P/E of 14.23, which is below its historical average of 19.02 and near the lower end of its range (-1 Std. Dev: 10.00). The P/S ratio of 0.96 suggests the market cap is roughly in line with trailing sales.
Analyst Targets:
According to 17 analysts, the average price target is $41.74 (upside of ~24%). Sentiment is mixed but leans positive, with 2 Strong Buy, 7 Buy, 8 Hold, and 3 Underperform ratings.
Weekly Outlook:
Expect volatility and a test of the $35 resistance. A successful break above could target the $38-$40 zone. Failure to hold above $33 may lead to a retest of the $30 support level. The high volume suggests this move has conviction.
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