Super Micro Computer Stock Jumps 9% Despite Oracle Terminating $1.4 Billion Contract: What’s Really Driving the Trend?

Shares of Super Micro Computer (NASDAQ:SMCI) rose 9% in midday trading on Friday, rising to $29.06 from $26.75 on Thursday. The rally is notable given a challenging news cycle. SMCI stock is rebounding strongly even after Oracle (NYSE:ORCL) reportedly terminated a contract valued at $1.1 billion to $1.4 billion. The Oracle headline hit Thursday… Super Micro Computer shares rise 9% despite Oracle canceling $1.4 billion contract: What’s really driving the move?