Supermicro Stock Is Soaring Today. Should You Buy The Hot AI Stock Before May 6?

Group 1 - Super Micro Computer's stock rose by 4.9% after a previous drop of nearly 20%, buoyed by positive earnings reports from Microsoft and Meta regarding ongoing AI spending [1][3] - Microsoft confirmed plans to spend $80 billion in capital expenditures, while Meta raised its forecast by up to$7 billion, now expecting to spend between $64 billion and$72 billion, primarily on AI infrastructure [2] - The strong AI spending from major tech companies provided a counterbalance to Supermicro's preliminary disappointing numbers, which had previously spooked investors [3] Group 2 - Supermicro is expected to report earnings per share (EPS) of $0.29 to$0.31, significantly below Wall Street's target of $0.54 [4] - The company is facing controversy over its accounting practices and the resignation of its auditor, Ernst & Young, which raises concerns about its financial stability [4]