FinanceAsianet Newsable
SMCI Stock Rises on Record Backlog, Short Squeeze Hope
in5points
SMCI shares jumped premarket after the company reported a record backlog of $60 billion.
Short interest in SMCI has risen to near-record levels in 2026.
Retail investors are demanding proof behind the $60 billion order book.
The stock remains in negative territory for 2026 despite the rally.
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Rajeev Chandrasekhar / Jupiter Capital interests historically