Super Micro shares surge 5.92% intraday on $13B order backlog and Nvidia Blackwell integration.

Super Micro Computer surged 5.92% in intraday trading, driven by renewed investor confidence tied to the company's integration with Nvidia's Blackwell platform and a confirmed $13 billion order backlog. Recent reports highlighted that the backlog is concentrated on high-margin liquid-cooled Blackwell systems, addressing prior concerns about delayed $1.5 billion in revenue as strategic rather than indicative of operational issues. The stock's rebound also followed management's ambitious 2026 revenue target of $36 billion, bolstered by plans to scale production capacity to 6,000 racks monthly, with half utilizing advanced liquid-cooling technology. While some news items referenced analyst downgrades and short-term volatility, the intraday rally aligned with positive developments in AI infrastructure demand and execution progress on key orders.