This AI stock was left for dead. Now traders are betting big on a comeback

2026-05-06 | original

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Why This Matters

Super Micro Computer, a data-center server company, is experiencing a notable resurgence in investor interest despite its significant decline from last year's highs. The surge in options trading, particularly bullish call options, indicates strong trader confidence in a potential comeback, reflecting broader optimism in AI-related stocks and the tech industry’s recovery prospects.

Key Takeaways

Options traders are overwhelmingly bullish on Super Micro, with nearly five times more calls than puts traded.
Significant investments, such as a $1.4 million call purchase, highlight strong investor confidence in a potential rebound.
The stock has seen increased trading activity and optimism despite being down 49% from its peak last year.

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., May 5, 2026.

It's hard to find an AI stock that's not making new highs on a daily basis.

Perhaps that's why options traders are piling into Super Micro Computer , the data-center server play that's up 15% Wednesday after earnings, but still down 49% from last year's high.

Options volumes skew bullish in the stock, with almost five times more calls than puts traded Wednesday and call premiums accounting for about 90% of options value traded.

Three of the biggest trades by dollar amount were call buyers, with one trader spending $1.4 million on 2,000 of the 35-strike calls expiring Jan. 15 next year. The most popular contract was also the 35-strike, expiring May 8, where 22,000 trades occurred. Super Micro hasn't traded above that level since December.

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