The Super Micro Computer Inc. logo displayed on a smartphone screen (Thomas Fuller/Getty Images)

Super Micro surges on progress hitching its wagon to Nvidia’s rocket ship

The mass proliferation of Nvidia’s Blackwell chip and Super Micro’s server solutions go hand in hand.

2/18/25 11:44AM

The ramp higher in shares of Super Micro Computer continues as traders continue to hope that a rapidly approaching hurdle will be cleared, allowing for rapid growth in revenues as the AI data center boom displays staying power. The company is up double digits as of 11:10 a.m. ET to lead all S&P 500 constituents.

By all accounts, demand for Nvidia’s relatively new Blackwell GPU continues to exceed supply. Super Micro is aiming to hitch its wagon to this chip star by creating server infrastructure to utilize these Blackwell chips in a data center environment. In early February, Super Micro said that its server infrastructure to support these advanced semiconductors had reached full production availability.

All the while, Super Micro’s management has yet to file the necessary reports with the Nasdaq to avoid delisting, with a due date of February 25. Its business update pointed to a relatively sluggish outlook through July, but with guidance for a boom in revenue growth thereafter. For its fiscal 2026 (July 2025 through June 2026), management is targeting revenues of $40 billion, up from about $24.25 billion for the 12 months prior.

If delays in rolling out its infrastructure for Blackwell, rather than the accounting issues swirling around the company, have been the proximate cause for its recently underwhelming sales figures and lackluster near-term forecasts, then the company’s sales outlook may soon be at an all-systems-go inflection point (pardon the pun). After all, through all of Super Micro’s struggles, Nvidia CEO Jensen Huang kept referring to the server company as one of the chip designer’s “great partners.”

“We believe delays in Blackwell availability drove much of its $3-$5 billion cut in its 2025 sales view, and it should recover much of that in 2026,” Bloomberg Intelligence analyst Woo Jin Ho wrote. “Prior to the company's filing challenges, consensus was $34 billion in 2026 sales. Assuming its pipeline of deals stayed intact, baking in the deferred 2025 work implies $37-$39 billion for 2026.”

The consensus forecast for 2026 revenues among analysts polled by Bloomberg currently stands at about $33 billion, though a couple of these estimates are fairly stale.

The stock is on track for its second-best month on record.

Matt Phillips50m

Rocket Lab surges to second straight record-high close

Retail favorite Rocket Lab closed at a new all-time high on Tuesday, continuing a remarkable run over the last month that has carried the launch services provider and aspiring Space X competitor up more than 70% over the last month (compared to its close of $49.06 on December 5).

Rocket Lab saw elevated options activity during its run-up today, with well over 3.5x the 90-day average in options volume changing hands over the course of the day.

Other space plays such as AST SpaceMobile and EchoStar surged today.

Despite being a money-losing company — it’s never turned an annual profit as a public company — Rocket Lab’s share price has soared nearly 1,500% over the last two years, generating tons of loyalty and enthusiasm among retail investors.

In fact, Goldman Sachs has made Rocket Lab the heaviest weighting in the latest iteration of its GS Memes basket of thematic stocks, just ahead of AST SpaceMobile, showing how enamored traders have become of such space stocks.

CHICAGO, IL - MARCH 05: Benny, the mascot for the Chicago Bulls entertains during a break between the Bulls and the Boston Celtics at the United Center on March 5, 2018 in Chicago, Illinois.

The S&P 500 closes at a record high

The Nasdaq 100 and Russell 2000 outperformed, rising 0.9% and 1.4%, respectively.

Tasha Matsumoto57m

Max Knoblauch4h

JetBlue takes off on bullish options activity

Low-cost airline JetBlue is up more than 8% on Tuesday, on pace for its biggest daily gain since August. If the price momentum holds, Tuesday will mark JetBlue’s sixth-best trading day of the past 52 weeks.

The carrier is being propelled by bullish options activity, with more than 53,000 call options changing hands as of 12:14 p.m. ET, nearly 4x the 20-day average for a full session.

JetBlue closed up 4.6% on Monday, as traders appeared to price in medium-term oil supply relief due to the possibility of Venezuela’s reserves getting more developed amid tensions with the US.

J. Edward Moreno5h

Moderna rallies after BofA raises its price target to $24 from $21

Moderna rose on Tuesday after Bank of America analysts raised their price target for the ailing biotech behind the COVID-19 vaccine, painting a rosy picture of the products in its pipeline.

BofA kept Moderna’s “underperform” rating but raised its price target to $24 from $21, which now accounts for “refreshed revenue builds for lead assets.” Analysts said the company’s cost-cutting measures, paired with potential new revenue from its investigatory oncology vaccines, could bring it back to profitability in the coming years.

Moderna is best known for being tapped by the US government to quickly develop a vaccine for COVID-19 in 2020, a product that remains its single source of revenue. The company has yet to bring new products to market and is now faced with a second Trump administration hostile to that product.

Max Knoblauch6h

Roblox drops following overnight outages and a lowered price target from TD Cowen

Gaming platform Roblox fell as much as 7% on Tuesday, following reports of widespread outages overnight and a lowered price target from TD Cowen.

Downdetector, a monitoring service that uses “signals from its own websites, social media platforms and other sources” to analyze outages, tracked roughly 22 outage reports per second at peak overnight Monday into Tuesday.

Meanwhile, TD Cowen issued a new research note on Roblox Tuesday, lowering its price target on the stock to $70 from $77. Analyst Doug Creutz wrote that user engagement with the platform’s biggest hits, including “Grow a Garden” and “Steal a Brainrot,” declined 52% between mid-September and mid-December. The firm lowered its fiscal year bookings estimate from $8.48 billion to $8.09 billion.