SMCI - Why Specialty Tech Stocks Like Super Micro Computer Blasted Higher Today
2024-01-23 02:52:45 ET
On Monday, it seemed almost impossible not to make money by betting on tech stocks -- nearly any tech stocks.
Such titles are all the rage on the market just now, with a host of tailwinds propelling them forward. On Monday, beneficiaries in many tech niches abounded. Components supplier Super Micro Computer (NASDAQ: SMCI) , data warehousing specialist Snowflake (NYSE: SNOW) , and next-generation database company MongoDB (NASDAQ: MDB) all bumped more than 3% higher in price.
One of the stronger winds providing a lift to the tech sector as a whole has been the semiconductor industry. Last Thursday one of the sector's guideposts, the powerful Taiwan Semiconductor , posted fourth-quarter results .
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Why Specialty Tech Stocks Like Super Micro Computer Blasted Higher Today