TLDR
- Super Micro Computer stock jumped 15.66% to $35.46 on Monday after unveiling a new AI server platform using Nvidia’s Vera Rubin NVL4 chips.
- GF Securities upgraded SMCI from hold to buy, setting a one-year price target of $48.
- Argentum AI, backed by Super Micro with a $100M investment, secured $7.8 billion in AI infrastructure deals in Poland.
- The deals cover 47,000 Nvidia GB300 chips at a 300-megawatt data center — one of Europe’s top three largest GPU deployments.
- Trading volume hit 121.5 million, roughly 142% above SMCI’s three-month average.
Super Micro Computer (SMCI) had a standout Monday. The stock surged 15.66% to close at $35.46, driven by a new product launch and a major deal announcement tied to its portfolio company, Argentum AI.
Super Micro Computer, Inc., SMCI
The rally came on heavy volume. Over 121.5 million shares changed hands — around 142% above the three-month average of 50.1 million. That kind of volume signals serious market interest, not just noise.
GF Securities added fuel to the fire, upgrading SMCI from hold to buy and setting a 12-month price target of $48. The firm cited solid demand trends and Super Micro’s ties to SpaceX as key reasons behind the call.
Super Micro unveiled its new data center rack solution built on Nvidia’s Vera Rubin NVL4 platform. The announcement fed investor optimism around AI server backlog growth and potential margin improvement.
That said, SMCI gave back some of those gains in Tuesday premarket trading, falling around 6% as a broader tech selloff took hold.
Argentum AI’s $7.8 Billion European Play
Behind the scenes, Argentum AI — a private cloud-computing firm backed by Super Micro — quietly signed two major long-term AI infrastructure deals totaling $7.8 billion.
The deals involve deploying 47,000 Nvidia GB300 chips at a 300-megawatt data center in Poland. One contract is worth $4.1 billion over five years; the other comes in at $3.7 billion. Computing capacity is set to come online beginning this year.
Super Micro put $100 million into Argentum via a convertible note. The company offers access to more than 200,000 GPUs for AI computing.
“These are probably one of the top three largest GPU deployments in Europe today,” Argentum AI CEO Andrew Sobko told Barron’s.
Nvidia has been pushing hard into the European market. On Monday, the company announced a record 35 AI supercomputers powered by its chips are in development across the continent.
GPU Value and the Inference Question
Some analysts have raised doubts about whether cloud-computing firms like Argentum — and public peers like CoreWeave (CRWV) and Nebius (NBIS) — are accurately pricing the long-term value of their GPU fleets.
Sobko pushed back on that. He said Nvidia chips hold at least 25% of their original cost after five years and keep generating revenue well past initial lease contracts. “We’re seeing massive demand for older chips today,” he said.
There’s also the ongoing debate about Nvidia’s dominance as the market shifts from training AI models to inference. Sobko said the GB300 systems handle both — model development and high-performance inference workloads.
In the broader market on Monday, the S&P 500 fell 0.37% and the Nasdaq dropped 1.32%. Dell Technologies rose 2.25% and Hewlett Packard Enterprise gained 2.09%, reinforcing the AI server trade.
SMCI has now grown 3,948% since its 2007 IPO. Its 52-week range sits between $19.48 and $62.36, with a current market cap of around $23 billion.
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