SMCI Stock Gains on Cisco AI Partnership Amid Undervaluation Concerns
Super Micro Computer (SMCI) stock continues its upward trend after Cisco announced an expanded partnership for Secure AI Factory. The joint AI infrastructure offering will now include Supermicro's high-density, liquid-cooled compute nodes.
The SMCI share price rose 4.5% on September 4, 2026, closing at $39.59 USD on NASDAQ, with intraday volume exceeding the average daily volume by 19%. This move is seen as a catalyst for AI server demand, making SMCI a key supplier in the data center hardware market.
Despite the recent price gain, fundamental and valuation metrics suggest that SMCI stock still trades at a discount. The company's current P/E ratio is approximately 12.4 times, significantly lower than its five-year median of 19.34 times. GuruFocus estimates a fair value of $82.07 USD per share for SMCI, implying undervaluation by about 51.7%.
Insider activity is also worth noting. Director Chiu-Chu Liu Liang filed plans to sell up to 100,000 shares of SMCI common stock on September 4, 2026, with an aggregate market value of approximately $4 million USD. This sale follows a similar transaction on September 3, 2026.