Quick Read – SMCX surged 41% in one month as SMCI’s earnings beat consensus by 34% and gross margins recovered to 10% from 6%. – SMCX’s 13% YTD return beats SPY’s 8% gain, but its daily-reset leverage structure has erased 96% of value from 2024 highs. – Act now: the analyst who…
lled NVIDIA in 2010 just named his top 10 AI stocks — and Super Micro Computer didn’t make the cut. Grab the names FREE today
If you put $10,000 into the Defiance Daily Target 2X Long SMCX ETF (NASDAQ:SMCX) on the morning of May 8, 2026, you were sitting on about $14,100 a month later. That is a 41% one-month run, not the triple-digit headline number floating around screenshots on social media, and the gap between those two figures is the whole story. SMCX has done something genuinely impressive this spring.
It has also done something it does every spring, summer, fall, and winter, which is amplify a wildly volatile single stock by two and then daily-reset the result until either your face or your portfolio melts off. Right now, faces are intact. The honest arithmetic Here is the math without the dressing.