tech
This AI Stock Was Left for Dead. Now Traders Are Betting Big on a Comeback
Options volumes skew bullish in the stock.
TL;DR
- Options traders are showing strong bullish sentiment towards Super Micro Computer, with call volumes significantly outweighing put volumes.
- The stock is up 15% after recent earnings but remains down 49% from its all-time high.
- Large call option trades indicate traders are betting on a significant price increase, with some trades involving millions of dollars.
- Super Micro Computer experienced a 30% crash in shares last year due to charges against its cofounder for smuggling Nvidia chips to China.
- Recent earnings showed strong guidance, despite revenue falling below estimates, which is helping to improve the stock's outlook.