5 Single Stock ETFs That Ruled Last Week
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 15 2024
0mins
Should l Buy SMCI?
Source: NASDAQ.COM
Market Performance: Wall Street showed moderate gains last week with the S&P 500, Dow Jones, and Nasdaq Composite increasing by 1.1% to 1.2%. The Federal Reserve's meeting minutes indicated a divide among officials regarding interest rate cuts, while U.S. inflation slowed to 2.4% in September, slightly above forecasts.
Top Gaining ETFs: Notable ETFs included Defiance Daily Target 1.75x Long MSTR ETF (MSTX) up 35.9% due to MicroStrategy's stock surge, GraniteShares 2x Long UBER Daily ETF (UBRL) up 33.3% following Uber's stock rise after Tesla's robotaxi event, and Defiance Daily Target 2X Long SMCI ETF (SMCX) up 30.6% linked to Super Micro Computer's AI-related growth.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy SMCI?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on SMCI
Wall Street analysts forecast SMCI stock price to rise
12 Analyst Rating
5 Buy
5 Hold
2 Sell
Hold
Current: 34.660
Low
34.00
Averages
46.82
High
63.00
Current: 34.660
Low
34.00
Averages
46.82
High
63.00
About SMCI
Super Micro Computer, Inc. is an application-optimized Total IT solutions provider including server, artificial intelligence (AI) systems, storage, information of technology (IoT) devices, switches, software, and support services. Total IT Solutions include complete servers, storage systems, modular blade servers, workstations, full-rack scale solutions, networking devices, server sub-systems, server management and security software. Its products are designed and manufactured in-house (in the United States, Taiwan, and the Netherlands). Its portfolio of Server Building Block Solutions allows customers to optimize for their exact workload and application by selecting from a broad family of systems built from the Company’s flexible and reusable building blocks that support a comprehensive set of form factors, processors, memory, GPUs, storage, networking, power, and cooling solutions (air-conditioned, free air cooling or liquid cooling).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
SMCI Surges 25% After Q3 Results, Strong Q4 Outlook
- Stock Surge: SMCI's stock surged 25% on Wednesday, marking its best session in over five months, driven by a stronger-than-expected fourth-quarter outlook despite third-quarter revenue and adjusted profit falling short of analyst expectations.
- Financial Performance Recap: The company's sales more than doubled to $10.24 billion from $4.6 billion a year earlier, missing Wall Street's expectations of $12.39 billion, while adjusted earnings per share increased over fourfold to $0.72, indicating significant profitability improvement.
- Analyst Upgrades: Several analysts raised their price targets for SMCI, with Morgan Stanley increasing its target from $28 to $32 and Citi from $25 to $31, reflecting growing market confidence in the company's future performance.
- Bullish Market Sentiment: Retail sentiment on Stocktwits remained ‘extremely bullish,’ with many investors anticipating a potential rise to $60 within the next 60-90 days, showcasing strong confidence in the company's growth potential moving forward.
See More
Oklo Stock Sees Strong Start in May Amid Regulatory Progress
- Regulatory Progress: Oklo announced that the U.S. Nuclear Regulatory Commission has approved the Principal Design Criteria report for its Aurora powerhouse, which will expedite future licensing applications and enhance project efficiency.
- Stock Price Increase: Oklo's stock has risen 2.8% since last Friday's close, reflecting investor enthusiasm for the company's regulatory advancements, while also being buoyed by news from peer Nano Nuclear Energy.
- Market Reaction: The stock surged following the regulatory approval, indicating that President Trump's executive orders from last May are yielding results in the nuclear energy sector, suggesting that licensing processes may be less cumbersome than previously anticipated.
- Investment Risks: Despite the positive news, Oklo is still considered a high-risk investment, prompting investors to carefully assess risks and rewards in light of market volatility.
See More
Super Micro Computer Faces Investor Lawsuit
- Lawsuit Deadline Approaches: Super Micro Computer (NASDAQ:SMCI) is facing a lawsuit with a deadline of May 26, 2026, urging investors who purchased over $250,000 in shares to act promptly to protect their interests.
- Details of Allegations: On March 25, 2026, a lawsuit was filed against Super Micro, alleging that the company failed to disclose significant sales to Chinese firms, which violated U.S. export control laws, leading to misleading positive statements about its business outlook.
- Compliance Issues: The lawsuit highlights material weaknesses in Super Micro's controls to ensure compliance with export regulations, which not only jeopardizes the company's reputation but also exposes it to potential legal liabilities and financial losses.
- Investor Contact Information: Affected investors are encouraged to reach out to the Shareholders Foundation for legal support, emphasizing the urgency and necessity of investor advocacy under securities law, which could impact the company's future stock performance.
See More
Multiple Companies Face Class Action Lawsuits
- Atara Biotherapeutics Lawsuit: Atara Biotherapeutics faces a class action lawsuit for the period from May 20, 2024, to January 9, 2026, alleging undisclosed manufacturing issues and clinical trial risks that overstated FDA approval prospects, potentially leading to significant negative impacts on the company's financial condition.
- Coty Performance Decline: Coty Inc. is under scrutiny in a class action lawsuit covering November 5, 2025, to February 4, 2026, with claims that its Consumer Beauty segment underperformed, increased marketing investments compressed margins, and slowing growth in the Prestige fragrance market rendered the company's positive statements misleading.
- Super Micro Sales Violations: Super Micro Computer is implicated in a class action lawsuit for the period from February 2, 2024, to March 19, 2026, alleging that a significant portion of its server sales to Chinese companies violated U.S. export control laws, with material weaknesses in compliance controls leading to misleading positive statements about the company's operations.
- ImmunityBio Capability Overstatement: ImmunityBio faces a class action lawsuit for the period from January 19, 2026, to March 24, 2026, alleging that executive Soon-Shiong materially overstated Anktiva's capabilities, resulting in misleading positive statements about the company's business and operations, which could undermine investor confidence.
See More
Multiple Companies Face Class Action Lawsuits
- Super Micro Lawsuit: Super Micro Computer, Inc. (NASDAQ:SMCI) faces a class action for the period from April 30, 2024, to March 19, 2026, with investors claiming losses over $50,000, alleging the company misled investors by failing to disclose that significant server sales to Chinese companies violated U.S. export control laws.
- ImmunityBio Lawsuit: ImmunityBio, Inc. (NASDAQ:IBRX) is involved in a class action for the period from January 19, 2026, to March 24, 2026, where executives are accused of overstating Anktiva's capabilities, leading to materially misleading statements about the company's prospects, with a lead plaintiff deadline of May 26.
- Pinterest Lawsuit: Pinterest, Inc. (NYSE:PINS) is facing a class action for the period from February 7, 2025, to February 12, 2026, with allegations that the company failed to disclose risks of declining advertising revenues and potential restructuring, significantly misleading investors about its operational outlook.
- Legal Consultation Opportunity: Affected investors are encouraged to contact The Law Offices of Frank R. Cruz to discuss their legal rights and learn how to participate in these class actions, ensuring their interests are protected in the legal proceedings.
See More
Super Micro Computer Faces Class Action Lawsuit
- Class Action Filed: Pomerantz LLP has announced a class action lawsuit against Super Micro Computer (NASDAQ:SMCI), alleging securities fraud and other unlawful business practices, with investors needing to apply as Lead Plaintiff by May 26, 2026.
- Legal Risks Intensified: The U.S. Department of Justice has indicted three executives from Super Micro for violating export control laws by diverting approximately $2.5 billion worth of servers to China between 2024 and 2025, which could lead to severe legal repercussions for the company.
- Stock Price Plummets: Following the lawsuit announcement, Super Micro's stock price fell by $10.26, or 33.32%, closing at $20.54 on March 20, 2026, reflecting market concerns over the company's future outlook.
- Investor Confidence Eroded: This incident not only impacts Super Micro's stock price but may also undermine investor trust in its management, potentially affecting the company's ability to raise capital and its competitive position in the market.
See More
SMCI Surges 25% After Q3 Results, Strong Q4 Outlook
- Stock Surge: SMCI's stock surged 25% on Wednesday, marking its best session in over five months, driven by a stronger-than-expected fourth-quarter outlook despite third-quarter revenue and adjusted profit falling short of analyst expectations.
- Financial Performance Recap: The company's sales more than doubled to $10.24 billion from $4.6 billion a year earlier, missing Wall Street's expectations of $12.39 billion, while adjusted earnings per share increased over fourfold to $0.72, indicating significant profitability improvement.
- Analyst Upgrades: Several analysts raised their price targets for SMCI, with Morgan Stanley increasing its target from $28 to $32 and Citi from $25 to $31, reflecting growing market confidence in the company's future performance.
- Bullish Market Sentiment: Retail sentiment on Stocktwits remained ‘extremely bullish,’ with many investors anticipating a potential rise to $60 within the next 60-90 days, showcasing strong confidence in the company's growth potential moving forward.
See More
Oklo Stock Sees Strong Start in May Amid Regulatory Progress
- Regulatory Progress: Oklo announced that the U.S. Nuclear Regulatory Commission has approved the Principal Design Criteria report for its Aurora powerhouse, which will expedite future licensing applications and enhance project efficiency.
- Stock Price Increase: Oklo's stock has risen 2.8% since last Friday's close, reflecting investor enthusiasm for the company's regulatory advancements, while also being buoyed by news from peer Nano Nuclear Energy.
- Market Reaction: The stock surged following the regulatory approval, indicating that President Trump's executive orders from last May are yielding results in the nuclear energy sector, suggesting that licensing processes may be less cumbersome than previously anticipated.
- Investment Risks: Despite the positive news, Oklo is still considered a high-risk investment, prompting investors to carefully assess risks and rewards in light of market volatility.
See More
Super Micro Computer Faces Investor Lawsuit
- Lawsuit Deadline Approaches: Super Micro Computer (NASDAQ:SMCI) is facing a lawsuit with a deadline of May 26, 2026, urging investors who purchased over $250,000 in shares to act promptly to protect their interests.
- Details of Allegations: On March 25, 2026, a lawsuit was filed against Super Micro, alleging that the company failed to disclose significant sales to Chinese firms, which violated U.S. export control laws, leading to misleading positive statements about its business outlook.
- Compliance Issues: The lawsuit highlights material weaknesses in Super Micro's controls to ensure compliance with export regulations, which not only jeopardizes the company's reputation but also exposes it to potential legal liabilities and financial losses.
- Investor Contact Information: Affected investors are encouraged to reach out to the Shareholders Foundation for legal support, emphasizing the urgency and necessity of investor advocacy under securities law, which could impact the company's future stock performance.
See More
Multiple Companies Face Class Action Lawsuits
- Atara Biotherapeutics Lawsuit: Atara Biotherapeutics faces a class action lawsuit for the period from May 20, 2024, to January 9, 2026, alleging undisclosed manufacturing issues and clinical trial risks that overstated FDA approval prospects, potentially leading to significant negative impacts on the company's financial condition.
- Coty Performance Decline: Coty Inc. is under scrutiny in a class action lawsuit covering November 5, 2025, to February 4, 2026, with claims that its Consumer Beauty segment underperformed, increased marketing investments compressed margins, and slowing growth in the Prestige fragrance market rendered the company's positive statements misleading.
- Super Micro Sales Violations: Super Micro Computer is implicated in a class action lawsuit for the period from February 2, 2024, to March 19, 2026, alleging that a significant portion of its server sales to Chinese companies violated U.S. export control laws, with material weaknesses in compliance controls leading to misleading positive statements about the company's operations.
- ImmunityBio Capability Overstatement: ImmunityBio faces a class action lawsuit for the period from January 19, 2026, to March 24, 2026, alleging that executive Soon-Shiong materially overstated Anktiva's capabilities, resulting in misleading positive statements about the company's business and operations, which could undermine investor confidence.
See More
Multiple Companies Face Class Action Lawsuits
- Super Micro Lawsuit: Super Micro Computer, Inc. (NASDAQ:SMCI) faces a class action for the period from April 30, 2024, to March 19, 2026, with investors claiming losses over $50,000, alleging the company misled investors by failing to disclose that significant server sales to Chinese companies violated U.S. export control laws.
- ImmunityBio Lawsuit: ImmunityBio, Inc. (NASDAQ:IBRX) is involved in a class action for the period from January 19, 2026, to March 24, 2026, where executives are accused of overstating Anktiva's capabilities, leading to materially misleading statements about the company's prospects, with a lead plaintiff deadline of May 26.
- Pinterest Lawsuit: Pinterest, Inc. (NYSE:PINS) is facing a class action for the period from February 7, 2025, to February 12, 2026, with allegations that the company failed to disclose risks of declining advertising revenues and potential restructuring, significantly misleading investors about its operational outlook.
- Legal Consultation Opportunity: Affected investors are encouraged to contact The Law Offices of Frank R. Cruz to discuss their legal rights and learn how to participate in these class actions, ensuring their interests are protected in the legal proceedings.
See More
Super Micro Computer Faces Class Action Lawsuit
- Class Action Filed: Pomerantz LLP has announced a class action lawsuit against Super Micro Computer (NASDAQ:SMCI), alleging securities fraud and other unlawful business practices, with investors needing to apply as Lead Plaintiff by May 26, 2026.
- Legal Risks Intensified: The U.S. Department of Justice has indicted three executives from Super Micro for violating export control laws by diverting approximately $2.5 billion worth of servers to China between 2024 and 2025, which could lead to severe legal repercussions for the company.
- Stock Price Plummets: Following the lawsuit announcement, Super Micro's stock price fell by $10.26, or 33.32%, closing at $20.54 on March 20, 2026, reflecting market concerns over the company's future outlook.
- Investor Confidence Eroded: This incident not only impacts Super Micro's stock price but may also undermine investor trust in its management, potentially affecting the company's ability to raise capital and its competitive position in the market.
See More
