Super Micro Computer Inc. (NASDAQ: SMCI) has experienced a net rally of 21.7% over the past month, contributing to a quarterly increase of 66.7%. The company is positioned to be a potential provider for Meta Platforms Inc. (NASDAQ: META), which is expanding its data center operations and may require Super Micro’s industry-leading cooling systems.
Super Micro’s stock currently has 19.4% of its float held in short positions, with a potential short squeeze on the horizon. If triggered, this could push the stock toward its 52-week high of $96.3, as it stands at 55% of that benchmark. Additionally, institutional investors, including the Public Employees Retirement System of Ohio, have increased their holdings in the company.
