SMCC

Super Micro Computer Inc (NASDAQ:SMCI) stock is up 11.1% to trade at $36.07 this morning, after the server maker issued a higher-than-expected preliminary 2027 revenue forecast. Robust AI demand fueled the upbeat guidance, prompting Rosenblatt to hike its price target to $57 from $51.

Hardware peers Western Digital (WDC), SanDisk (SNDK), and Dell Technologies (DELL) are all higher on the news.

Super Micro stock finished Friday with seven-day losing streak, a slide that took its 14-Day Relative Strength Index (RSI) down into "oversold" territory at 30. Support at the 200-day moving average stepped up, and now the shares are up over 24.7% in 2026.

A shift in sentiment could keep the wind at Super Micro's back. Of the 20 brokerages covering the stock, 15 maintain "hold" or worse ratings. Short interest, meanwhile, has fallen 8.2% in the most recent reporting period, yet the 97.36 million shares sold short account for 15.2% of SMCI's total available float.

In the options pits, the stock sports a Schaeffer's put/call open interest ratio (SOIR) of 1.02. This ratio ranks higher than 98% of readings from the past year, suggesting short-term bulls have plenty of room to move in.