Why Are Super Micro Computer Stock Gaining Today?

by | Jan 28, 2026 | General

Super Micro Computer Inc. (NASDAQ:SMCI) shares traded higher on Wednesday, lifted by broader strength across semiconductor stocks following encouraging quarterly results from ASML Holding NV (NASDAQ:ASML) and an upbeat outlook from Texas Instruments Inc. (NASDAQ:TXN).

Sector-Wide Momentum Drives Gains

The technology sector showed broad strength on Wednesday, as Nasdaq gained 0.80% while the S&P 500 advanced 0.29%, creating a favorable backdrop for chip-related stocks.

No company-specific news drove Super Micro Computer’s premarket advance, indicating the move reflects general market conditions rather than internal developments.

Texas Instruments reported fourth-quarter revenue of $4.42 billion and earnings of $1.27 per share, slightly below estimates, but provided guidance suggesting stabilizing demand.

ASML beat revenue expectations with $11.40 billion in quarterly sales and announced a 12 billion euro share buyback program through 2028.

Technical Analysis

Currently, Super Micro Computer is trading 4.5% above its 20-day simple moving average (SMA) but is 0.3% below its 50-day SMA, indicating some short-term strength while facing resistance in the mid-term. Over the past 12 months, shares have increased by 10.72% and are currently positioned closer to their 52-week lows than highs, suggesting a challenging longer-term trend.

The RSI is at 48.88, which is considered neutral territory, indicating that the stock is neither overbought nor oversold. Meanwhile, MACD is above its signal line, suggesting bullish momentum may be building.

The combination of neutral RSI and bullish MACD suggests mixed momentum, indicating potential for upward movement if market conditions remain favorable.

  • Key Resistance: $32.00
  • Key Support: $29.00

With the stock currently trading above its 20-day SMA, it shows some short-term strength, but the proximity to the 50-day SMA indicates that traders should watch for potential resistance at this level. If the stock can break through the $32.00 resistance, it may signal a more sustained upward trend.

Earnings & Analyst Outlook

Investors are looking ahead to the next earnings report on Feb. 3.

  • EPS Estimate: $0.45 (Down from $0.51 YoY)
  • Revenue Estimate: $10.38 billion (Up from $5.68 billion YoY)
  • Valuation: P/E of 24.6x (Indicates fair valuation)

Benzinga Edge Rankings

Below is the Benzinga Edge scorecard for Super Micro Computer, highlighting its strengths and weaknesses compared to the broader market:

  • Value Rank: 76.71 — The stock is considered fairly valued relative to its peers.
  • Growth Rank: 92.65 — Indicates strong growth potential.
  • Quality Rank: 97.98 — Reflects high-quality metrics in its operations.
  • Momentum Rank: 10.62 — Suggests the stock is underperforming in terms of momentum.

SMCI Price Action: Super Micro Computer shares were up 1.89% at $31.79 at the time of publication on Wednesday, according to Benzinga Pro data.

Photo: jackpress / Shutterstock