Super Micro Computer, Inc. (NASDAQ:SMCI) shares are trading on volatility on Monday amid reports suggesting that upcoming tariffs could be narrower-than-expected.

What To Know: According to The Wall Street Journal, President Donald Trump and his administration are considering excluding certain sectors from the upcoming April 2 tariffs.

Trump has designated April 2 as "Liberation Day," during which he plans to implement reciprocal tariffs on several countries. Certain sectors, including automobiles, pharmaceuticals and semiconductors, are reportedly likely to be excluded from these tariffs. The specific sectors that may be excluded have not been announced by the White House.

Treasury Secretary Scott Bessent explained that the administration is focused on imposing tariffs on about 15% of nations with significant trade imbalances with the U.S., a group sometimes referred to as the "dirty 15." While the exact countries have not yet been disclosed, the secretary noted that the countries account for most of the U.S.'s foreign trade.

Super Micro shares are experiencing volatility following this news, as the company's technology relies on semiconductors. If the semiconductor industry is excluded from the tariffs, it could help ensure chip prices remain stable, which would benefit Super Micro. Additionally, uncertainty around the potential impact of tariffs on the company's global supply chain and production costs could contribute to further volatility in its stock.

SMCI Price Action: At the time of publication, Super Micro stock is trading 0.95% lower at $41.79 according to data from Benzinga Pro.

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