Super Micro Computer (SMCI) shares fell 8% to $35.85 this afternoon but remain up 22% in 2026. Peers have risen far more: Dell (DELL) is up 307%, Hewlett Packard Enterprise (HPE) is up 166%, and the iShares U.S. Technology ETF (IYW) has gained 30%, while only the Invesco QQQ Trust (QQQ), up 19%, has trailed SMCI. The stock fell after a contractor working with Super Micro pleaded guilty on October 10 to a scheme to divert AI servers containing NVIDIA chips to China, according to Reuters. Super Micro also added a rack-level cooling unit to its AI server lineup on October 13, but the article notes that product news seldom offsets a supply chain overhang quickly. It adds that Super Micro builds AI servers around other companies' accelerators, unlike Dell and HPE, which also have much larger services businesses, and suggests keeping position sizes modest until the diversion case resolves.
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Original headline: Super Micro Is Up 22% in 2026 but It’s Down Today: Take Profits, or Hold On for the Ride?
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