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.
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Analyst Views on SMCI
Wall Street analysts forecast SMCI stock price to rise
12 Analyst Rating
5 Buy
5 Hold
2 Sell
Hold
Current: 30.680
Low
34.00
Averages
46.82
High
63.00
Current: 30.680
Low
34.00
Averages
46.82
High
63.00
About SMCI
Super Micro Computer, Inc. provides application-optimized Total IT solutions. It delivers rack-scale solutions optimized for various workloads, including artificial intelligence and high-performance computing, where acceleration is critical. It produces a portfolio of server and storage solutions for enterprise data centers, cloud service providers and edge computing (5G Telco, Retail and embedded). 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. It provides global support and services to help its customers install, upgrade and maintain their computing infrastructure, including liquid-cooling operations. It offers platforms in rackmount, blade, multi-node and embedded form factors, which support single, dual and multiprocessor architectures. Its key product lines include SuperBlade and MicroBlade, SuperStorage, Twin and others.
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.
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- AI-RAN Infrastructure Expansion: Supermicro showcases its infrastructure solutions for AI-RAN at MWC, integrating NVIDIA's latest Blackwell architecture to meet the unique demands of telecom networks, thereby enhancing operators' network intelligence and efficiency.
- Modular Data Center Design: Supermicro's flexible Data Center Building Block Solutions (DCBBS) facilitate rapid deployment and scaling of AI data centers, optimizing energy efficiency and reducing operational costs, which helps businesses gain a competitive edge in the digital economy.
- Market Opportunity Leadership: With the rising demand for sovereign AI platforms, Supermicro's solutions provide telecom operators with secure, in-country AI infrastructure services, unlocking new revenue streams and aligning with market expectations for high performance and sustainability.
- Industry Collaboration Showcase: During MWC, Supermicro collaborates with industry leaders to demonstrate practical use cases, emphasizing the potential of AI acceleration in the telecom sector, further solidifying its leadership position in the AI and 5G markets.
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- Defense Spending Increase: Defense spending is projected to rise by 7%, the slowest increase since 2021, although analysts believe the official figures may be understated, which could impact national security and military modernization efforts.
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- Earnings Report Impact: Despite Nvidia reporting strong earnings, investor focus remained on AI profitability, heavy capital spending, and macroeconomic pressures, reflecting ongoing caution about future uncertainties in the sector.
- Investor Advice: CNBC's Jim Cramer advised investors to remain calm amid sharp market swings and avoid panic selling, emphasizing that there are no fundamental issues in the memory sector and urging patience for potential market rebounds.
- Billionaire Buy-In: Billionaire Leo KoGuan purchased 1 million shares of Nvidia on Tuesday, signaling strong confidence in the future of artificial intelligence, and plans to buy more, demonstrating support for the market and optimism about the AI industry.
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- MOU Signing: SK Telecom has signed a memorandum of understanding with Supermicro and Schneider Electric at MWC26 to leverage their combined expertise to accelerate the construction of AI data centers, which is expected to significantly reduce supply chain issues and enhance market responsiveness.
- Modular Solution Development: The three companies will collaborate on a pre-fabricated modular model that integrates AI servers with essential power and cooling systems in a single unit, a method that not only speeds up construction but also reduces costs compared to traditional approaches.
- Market Demand Flexibility: This new model allows for the addition of modules as needed, enabling companies to adapt to rapidly changing market demands without incurring heavy initial costs, thereby enhancing competitiveness in the industry.
- Defined Roles: Under the MOU, SK Telecom will provide operational expertise for AIDC, Supermicro will supply high-performance AI servers, and Schneider Electric will handle the design and construction of MEP infrastructure, ensuring the smooth implementation of the project.
See More
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- Tripartite Collaboration Agreement: The agreement signed at Mobile World Congress 2026 aims to shorten timelines for building AI data centers and reduce supply bottlenecks, which is expected to enhance the company's competitiveness in the rapidly growing AI market.
- Data Center Solution: Super Micro's Data Center Building Block Solution has begun to gain key customer preference, with CEO Charles Liang stating that it not only accelerates data center builds but also saves costs through workload optimization and reduced energy consumption.
- Retail Sentiment Shift: Retail sentiment on Super Micro has shifted from 'bullish' to 'bearish' over the past week, reflecting a decline in investor confidence regarding future growth, despite emerging catalysts for AI-driven expansion.
See More
Supermicro Unveils AI-RAN Solutions at MWC
- AI-RAN Infrastructure Expansion: Supermicro showcases its infrastructure solutions for AI-RAN at MWC, integrating NVIDIA's latest Blackwell architecture to meet the unique demands of telecom networks, thereby enhancing operators' network intelligence and efficiency.
- Modular Data Center Design: Supermicro's flexible Data Center Building Block Solutions (DCBBS) facilitate rapid deployment and scaling of AI data centers, optimizing energy efficiency and reducing operational costs, which helps businesses gain a competitive edge in the digital economy.
- Market Opportunity Leadership: With the rising demand for sovereign AI platforms, Supermicro's solutions provide telecom operators with secure, in-country AI infrastructure services, unlocking new revenue streams and aligning with market expectations for high performance and sustainability.
- Industry Collaboration Showcase: During MWC, Supermicro collaborates with industry leaders to demonstrate practical use cases, emphasizing the potential of AI acceleration in the telecom sector, further solidifying its leadership position in the AI and 5G markets.
See More
China Sets Record Low GDP Growth Target for 2026
- GDP Growth Target: China has set its GDP growth target for 2026 at 4.5% to 5%, marking the lowest target on record since the early 1990s, indicating significant challenges for economic recovery amid persistent deflationary pressures and trade tensions with the U.S.
- Defense Spending Increase: Defense spending is projected to rise by 7%, the slowest increase since 2021, although analysts believe the official figures may be understated, which could impact national security and military modernization efforts.
- Data Center Attack: Amazon's data center in Bahrain was targeted by Iran for supporting the U.S. military, with damage reported from a drone strike, potentially affecting Amazon's cloud computing operations in the Middle East in the short term.
- Global Tariff Increase: U.S. Treasury Secretary announced that global tariffs will rise from 10% to 15%, with expectations that tariff rates will return to pre-Supreme Court ruling levels by August, which will have profound implications for international trade and the cost structures of U.S. businesses.
See More
Billionaire Leo KoGuan Expands Nvidia Stake
- Nvidia Stake Increase: Billionaire Leo KoGuan purchased 1 million shares of Nvidia this week, expanding his investment in artificial intelligence and indicating his belief that AI investment is still in its early stages.
- Comparison with Tesla: KoGuan described Nvidia as the 'foundational layer' of AI, contrasting it with Tesla, which he views as 'physical AI,' highlighting his understanding of the distinct roles of both companies.
- Market Reaction Analysis: Despite Nvidia's recent quarterly report failing to boost its stock price, analysts remain bullish, noting that markets are focused on hyperscaler capital spending and venture funding levels, with Nvidia's valuation still attractive.
- Future Outlook: JPMorgan strategists noted that investors are seeking greater clarity on the 2027 data center growth outlook at the upcoming GTC conference, especially as major hyperscalers have significantly increased their capital expenditure budgets.
See More
Semiconductor Stocks Rebound as Investors Reassess Risks
- Market Rebound: Semiconductor stocks rebounded on Wednesday after several days of steep losses, as investors reassessed geopolitical risks and tech-sector volatility, indicating a subtle shift in market sentiment.
- Earnings Report Impact: Despite Nvidia reporting strong earnings, investor focus remained on AI profitability, heavy capital spending, and macroeconomic pressures, reflecting ongoing caution about future uncertainties in the sector.
- Investor Advice: CNBC's Jim Cramer advised investors to remain calm amid sharp market swings and avoid panic selling, emphasizing that there are no fundamental issues in the memory sector and urging patience for potential market rebounds.
- Billionaire Buy-In: Billionaire Leo KoGuan purchased 1 million shares of Nvidia on Tuesday, signaling strong confidence in the future of artificial intelligence, and plans to buy more, demonstrating support for the market and optimism about the AI industry.
See More
SK Telecom Partners with Supermicro and Schneider Electric for AI Data Centers
- MOU Signing: SK Telecom has signed a memorandum of understanding with Supermicro and Schneider Electric at MWC26 to leverage their combined expertise to accelerate the construction of AI data centers, which is expected to significantly reduce supply chain issues and enhance market responsiveness.
- Modular Solution Development: The three companies will collaborate on a pre-fabricated modular model that integrates AI servers with essential power and cooling systems in a single unit, a method that not only speeds up construction but also reduces costs compared to traditional approaches.
- Market Demand Flexibility: This new model allows for the addition of modules as needed, enabling companies to adapt to rapidly changing market demands without incurring heavy initial costs, thereby enhancing competitiveness in the industry.
- Defined Roles: Under the MOU, SK Telecom will provide operational expertise for AIDC, Supermicro will supply high-performance AI servers, and Schneider Electric will handle the design and construction of MEP infrastructure, ensuring the smooth implementation of the project.
See More
Super Micro Signs AI Data Center Agreement at MWC 2026
- Stock Fluctuations: Super Micro's shares have gained nearly 5% this year, contrasting with a 4% decline in 2025, indicating a tension between strong AI demand and concerns over tariffs and component shortages.
- Tripartite Collaboration Agreement: The agreement signed at Mobile World Congress 2026 aims to shorten timelines for building AI data centers and reduce supply bottlenecks, which is expected to enhance the company's competitiveness in the rapidly growing AI market.
- Data Center Solution: Super Micro's Data Center Building Block Solution has begun to gain key customer preference, with CEO Charles Liang stating that it not only accelerates data center builds but also saves costs through workload optimization and reduced energy consumption.
- Retail Sentiment Shift: Retail sentiment on Super Micro has shifted from 'bullish' to 'bearish' over the past week, reflecting a decline in investor confidence regarding future growth, despite emerging catalysts for AI-driven expansion.
See More
