While there wasn't any business-specific news powering Supermicro's initial gains today, investors poured into the stock following Nvidia 's ( NVDA 2.57%) strong first-quarter results. But bullish momentum receded, and the gains didn't hold.

NVIDIA (Nasdaq: NVDA) announced its much-anticipated stock split. Two months ago I laid out the reasons NVIDIA would announce a split and even predicted the time period, and those predictions have now proven correct.

Tech stocks rebounded early Friday after even Nvidia’s stellar earnings couldn’t prevent losses in the previous sessionThe technology-heavy Nasdaq Composite index rose 0.7% in early trading after falling 0.

Shares of Super Micro Computer (NASDAQ: SMCI) soared as much as 11.3% higher on Thursday morning, following a fantastic earnings report by chip designer Nvidia (NASDAQ: NVDA). Supermicro investors saw Nvidia's success story as a good sign,