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.

Super Micro Computer’s (NASDAQ: SMCI) stock price has wallowed near long-term lows because of sentiment and fears of financial misconduct. However, let’s face it: the Q2 results weren’t bad, and sentiment is rapidly improving because of a robust outlook.

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%.