Super Micro Computer Inc SMCI shares jumped on Monday, continuing a recent upward trend despite a lack of specific company news to fuel the gains. The move suggests investor confidence remains buoyed by a series of significant strategic announcements made throughout June.

What To Know: Last week, the artificial intelligence server manufacturer successfully navigated a potential stock dilution concern. After an initial dip, shares recovered as the company detailed that a portion of the proceeds from its $2 billion convertible senior notes offering would be used for capped call transactions. This measure is designed to effectively limit the number of new shares that will be issued.

Earlier in the month, Super Micro generated positive momentum by expanding its AI server solutions for Nvidia’s Blackwell architecture in Europe and announcing a key collaboration with Ericsson to integrate 5G and edge AI technologies.

These developments have reinforced investor optimism about Super Micro’s strong position within the booming AI infrastructure market. Shares of SMCI are higher by some 40% in the second quarter amid overall, marked tech sector strength.

The continued rise in its stock price indicates that investors are still factoring in the long-term growth potential stemming from these recent strategic moves, which are currently overshadowing the absence of immediate news.

Price Action: According to data from Benzinga Pro, SMCI shares closed Monday higher by 3.01% to $49.07. The stock has a 52-week high of $96.33 and a 52-week low of $17.25.

Analyst Coverage: Based on recent analyst ratings, Wall Street has shown a mixed but recently more positive outlook on Super Micro. On May 19, Mizuho maintained its Neutral rating on the stock while increasing its price target from $32 to $40.

Earlier in the month, on May 13, Raymond James initiated coverage with an Outperform rating and a price target of $41. This followed a series of updates on May 7, where analysts expressed varied opinions. Notably, Rosenblatt maintained a Buy rating while lowering its price target from $55 to $50.

On the same day, Wedbush and Citigroup both maintained Neutral ratings with price target adjustments, while Needham reinstated its coverage with a Buy rating and a $29 price target.

Read Also: Supermicro Raises $2 Billion Via Private Convertible Debt With 35% Conversion Premium

How To Buy SMCI Stock

By now, you're likely curious about how to participate in the market for Super Micro Computer, be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option or sell a call option at a strike price above where shares are currently trading; either way, it allows you to profit from the share price decline.

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