Reported 1 day ago
Super Micro Computer, Inc. (NASDAQ:SMCI) saw its stock price increase by 6.9% to close at $53.17, following the US government's $92 billion investment in artificial intelligence and the easing of chip export restrictions to China. President Trump announced the initiative during a summit, with 20 companies committing to boost AI investments in various sectors. This news positions Super Micro favorably in the market as investors anticipate potential growth from improved relations between the US and China.
Source: YAHOO