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Super Micro Computer (SMCI) shares fall, but analysts expect the AI momentum to continue
February 16, 2024 12:16 PM ESTSuper Micro Computer (NASDAQ: SMCI) shares tumbled more than 13% Friday, but the AI momentum for the stock, which has risen more than 220% so far this year, is expected to continue.
The incredible run higher has been fueled by surging demand for the server company's high-performance rack servers as a result of the rise in new artificial... More
Super Micro Computer (SMCI) already discounting solid upside - Wells Fargo
February 16, 2024 8:45 AM ESTWells Fargo initiated coverage of Super Micro Computer (NASDAQ: SMCI) with an Equal Weight rating and a $960 per share price target on Friday.
Analyst Aaron Rakers said they believe the AI momentum will continue, but the stock is already discounting solid upside.
"SMCI's AI-fueled fundamental... More
