Despite the turmoil in the stock market caused by persistent inflation, shares of Super Micro Computer (SMCI) rose Wednesday morning as the chipmaker’s earnings report highlighted a positive outlook regarding its delayed annual report and announced an ambitious goal for 2026.

Outsized moves are common for Super Micro Computer stock. In fact, the equity hasn't seen a swing below 5% since Feb. 3. Five of the last six sessions were positive, including a 17.6% pop to kick off the week, as the stock climbs back up toward the $50 level, which has capped gains since August. Year over year, SMCI is down 48.2%.

Super Micro Computer (NASDAQ:SMCI) investors have a big day ahead as the AI server specialist prepares to unveil its fiscal second-quarter