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Super Micro Computer Inc (NASDAQ:SMCI) shares are trading higher on Wednesday. The move follows a broader market relief rally.
Tech Sector Rebounds
Wall Street indices are rebounding today. The Nasdaq gained 1.22% while the S&P 500 rose 0.68%. High-beta technology and AI infrastructure names are leading the charge.
This follows news that President Donald Trump extended the Iran ceasefire. Investors are rotating back into growth names as global worries taper off.
Short Interest Declines
Recent data shows a shift in bearish sentiment. Short interest in Super Micro Computer fell from 88.48 million to 83.19 million shares.
Short sellers now hold 18.31% of the company’s float. At current volumes, …
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