Price action is usually the raw opinion of the market on a particular stock or industry, which is why investors should always be aware of what is happening behind the scenes when it comes to risk-on and risk-off behavior throughout the market.

Super Micro Computer (NASDAQ: SMCI) stock is surging in Wednesday's trading thanks to multiple bullish catalysts. Supermicro stock is seeing an uptick in bullish momentum following the latest inflation data from the Bureau of Labor Statistics.

Shares of Super Micro Computer have surged since the company's IPO, and the stock's forecast should catch investors' attention.