SMCI

US major indices closed mixed in a highly volatile session: the Dow rose 0.17% while the S&P fell 0.26% and the Nasdaq dropped 0.97%, with intraday ranges of over 1,000 points on the Dow and 1,279 points on the Nasdaq. Chip and AI-linked stocks led losses — dragged by Broadcom's prior forecast miss and a near-7% drop in the Philadelphia Semiconductor index — while airlines rallied 3–7% on lower oil prices tied to potential Iran-US de-escalation. A stronger-than-expected May jobs report (172K vs. consensus) revived rate-hike fears ahead of Tuesday's CPI print, pressuring high-valuation growth stocks.

Major US stock indices closed marginally higher on May 11, led by the Russell 2000 (+0.33%), with the Dow and S&P each up 0.19% and the NASDAQ up 0.10%. Session performance was bifurcated, with semiconductors, AI, and commodity names among the top gainers while consumer discretionary, retail, and select high-growth stocks saw notable selling. Markets are also focused on upcoming CPI data and US-China trade talks beginning Wednesday.

Trump paused Project Freedom — the U.S. operation guiding commercial vessels through the Strait of Hormuz — as a confidence-building measure toward a potential Iran deal, triggering a broad Asia-Pacific risk-on session. Oil fell on reduced geopolitical risk premium while gold approached $4,650, equities surged (KOSPI broke 7,000), and the AUD hit a four-year high. AMD posted a strong Q1 earnings beat after hours, boosting Nasdaq futures; SMCI beat on profit but missed on revenue.

Super Micro Computer (SMCI) shares rose 6.05% to $27.54 on Tuesday, boosted by a broad tech/AI risk-on rally and the announcement of new compact edge AI systems using AMD EPYC processors. The stock remains below its July 2025 peak, with analysts holding a consensus Hold rating and a $36.31 price target. The next key catalyst is the May 5, 2026 earnings report.