SMCI fell 4% and DELL dropped 3% after Netlist filed an ITC complaint over DDR5 patents, though SMCI remains up 28% for the week. Micron rallied 4% despite being named in the Netlist filing, while SOXX gained 2%, both signaling sector rotation rather than fading AI demand. Super Micro booked over $60 billion in new orders last quarter and guided fiscal 2027 revenue of $65 to $72 billion, driving last week's surge.
Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Dell Technologies didn't make the cut. Grab the names FREE today. Shares of Super Micro Computer (NASDAQ:SMCI) are down 4% to $38.4 Monday morning, giving back part of last week's rally as a fresh patent complaint over DDR5 memory modules lands on the AI server builders.
The complaint names several major hardware vendors alongside memory supplier Micron Technology (NASDAQ:MU). Dell Technologies (NYSE:DELL) stock is down 3% to $473.91 in midday trade. Hewlett Packard Enterprise (NYSE:HPE) shares are down 0.7% to $58.28, a much milder reaction than its two server peers.
The Super Micro Computer stock move caps a huge run. The stock is still up 28% for the week and up 36% year to date, and well below its 52-week high of $58.68 set in October 2025. Netlist has filed a complaint at the International Trade Commission naming Super Micro Computer, Micron, Hewlett Packard Enterprise and Lenovo over alleged infringement involving DDR5 memory module technology.
The filing specifically targets DDR5 RDIMMs and MRDIMMs used in high-performance systems, the exact memory sitting at the heart of AI-optimized server platforms today. The complaint seeks an investigation plus potential exclusion and cease-and-desist orders covering the accused imported products. Netlist separately filed a federal lawsuit against Micron in the U.S.
District Court for the Central District of California involving two of the asserted patents. Dell Technologies was not named in the disclosed ITC complaint, which frames the Dell Technologies selloff as more of a sympathy trade than direct legal exposure. This is an allegation at the complaint stage with no finding of infringement, and any real business effect depends on the outcome, including a possible settlement.
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