$Super Micro Computer (SMCI.US)$ The Nvidia partner company ...

$Super Micro Computer (SMCI.US)$ The Nvidia partner company is expected to see ballooning revenue as AI spending booms.

$Super Micro Computer (SMCI.US)$ shares have surged more than 600% over the past year, but one board member just sent a signal of confidence by buying up stock.

Fred Chan, who's spent just over three years on the storage and server company's board, scooped up 2,000 Super Micro shares (SMCI) Thursday at $568 apiece, according to a filing with the Securities and Exchange Commission made public Monday. He spent $1.14 million on the open-market transaction.