WED 5/28: SMCI – Trading +3% Higher in the Aftermarket on NVDA Earnings

6:12 PM – SMCI is trading roughly +3% higher in the aftermarket session following NVIDIA’s blockbuster earnings report, which easily beat expectations and reaffirmed strong AI infrastructure demand.

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Chart services courtesy of stockcharts.com. Annotations by James Taulman.

NVIDIA posted $44.1 billion in revenue, up 69% year-over-year, and raised forward guidance despite ongoing China chip restrictions. As a key AI server supplier, SMCI is reacting positively in sympathy, reflecting its strategic tie to NVIDIA’s growth trajectory.

We’ll watch closely to see if this strength carries over into tomorrow’s regular session. A strong open and follow-through move could put SMCI back above key short-term levels, including the 10 DMA.

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