Smci futures following a muted open

Following a muted open, SMCI futures climbed to $885 on speculative accumulation as traders anticipated AI-driven Q3 earnings beats. Futures order books show thinner ask-side liquidity above $890, signaling potential upside squeezes. Super Micro Computer, Inc. (NASDAQ:SMCI) reported preliminary Q2 2025 revenue between $5.6 billion and $5.7 billion, representing a 54% YoY increase despite challenges from the 10K delay. The company achieved preliminary non-GAAP earnings of $0.58 to $0.63 per share, up approximately 5% YoY, with non-GAAP gross margin at 11.9% and operating margin at 7.9%. To support rapid business growth, the company announced a private placement of $700 million in new 2.25% convertible senior notes due in 2028. Nasdaq 100 Powers Higher as Apple Steals the Spotlight from SMCI Institutional flows indicate bullish bias, but short-term technical charts suggest potential resistance at $