Super Micro Computer surges 25%, largest gain since 2024

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SMCI

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Summary

Super Micro Computer (SMCI) surged 25% on July 22, marking its largest gain since early 2024. On-chain data reveals strong buying momentum ahead of the earnings report. The company reported a record backlog of $600 billion in new orders for Q4, set to be delivered over the next few quarters. Altcoins to watch may experience movement as tech stocks rally.

BlockBeats news, on July 22, according to BIT (bit.com) market data, Super Micro Computer (SMCI) surged by 25%, marking its largest gain since 2024.

On the news front, the company previously stated that its backlog reached a record high at the end of fiscal year 2026, with total new orders in the fourth quarter exceeding $60 billion. These new orders are expected to be delivered over the coming quarters.

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