Super Micro is the best-performing stock in the S&P 500, chip stocks Nvidia and Broadcom trade higher, and U.S. Steel edges higher even as Nippon Steel’s plan to acquire the U.S. steel company is referred to President Biden,

Nvidia vs. Super Micro Computer Stock: Billionaire David Shaw Bought One and Sold the Other in the Third Quarter.

The downturn in Supermicro's stock was also driven by worries about the company's vulnerability to a U.S. government probe. According to a report in The Information, the U.S. Department of Commerce is investigating how Nvidia's advanced AI processors could have ended up in China in violation of export bans.

Shares of Super Micro Computer Inc. SMCI advanced 2.56% to $32.40 Monday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX rising 0.73% to 5,

Super Micro Computer stock was rising at the start of the holiday week.Shares of the server maker, whose stock has swung dramatically this year, were up 1.6% at $32.09 in Monday afternoon trading. They climbed 1.

Despite recent setbacks, Super Micro's stock gained early this year due to strong demand for AI-optimized servers.