"We are excited to have VCIG to participate in the alliance to serve our interest in Southeast Asia, where we believe their involvement will further accelerate the success of the alliance. We look forward to developing our next AICC in Malaysia in the near future," said Mr. Sam Ding, Chief Executive Officer of the AICA Taiwan. About VCI Global Limited KUALA LUMPUR, Malaysia, July 26, 2024 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ:VCIG) (Frankfurt: H0T) ("VCI Global", "VCIG", or the "Company"), an AI an ...

Tech stocks continued to pull back this week as investors assessed risks related to geopolitical dynamics between the U.S., China, and Taiwan. Sell-offs intensified after Alphabet and Tesla published second-quarter reports that worried Wall Street. (GOOG -2.99%) (GOOGL -3.10%) (TSLA 1.97%) In addition to geopolitical risk factors continuing to pressure growth stocks, earnings season has gotten off to a shaky start for the technology sector. Alphabet and Tesla reported Q2 earnings after the market closed on ...

Super Micro Computer (NASDAQ:SMCI) stock lost over 10% of its value in just 24 hours during the latest tech selloff. That's when its latest quarterly earnings are due. Another tech stock caught in the downdraft, ServiceNow (NASDAQ:NOW), bounced back overnight after beating earnings estimates. SMCI may do the same. The Nvidia Trade However, dependence on the artificial intelligence (AI) leader is a double-edged sword. SMCI stock was selling for nearly $1,200 per share in March. But quarter-to-quarter sales g ...

The server technology company's stock has dropped by 11.98% in the past month, falling short of the Computer and Technology sector's loss of 4.77% and the S&P 500's gain of 0.43%. Super Micro Computer (SMCI) ended the recent trading session at $786.28, demonstrating a -1.32% swing from the preceding day's closing price. The stock's change was less than the S&P 500's daily gain of 1.08%. Meanwhile, the Dow gained 0.32%, and the Nasdaq, a tech-heavy index, added 1.58%. Market participants will be closely foll ...

Yet Supermicro remains a divisive stock among analysts. Susquehanna's Mehdi Hosseini expects it to drop 60% to $325, while Loop Capital's Ananda Baruah says it can soar 84% to $1,500. Can it really hit that Street-high price target? That focus made Supermicro an ideal partner for Nvidia (NVDA -2.61%), which initially granted it access to its high-end data center GPUs before its larger competitors. That partnership gave Supermicro a first-mover advantage in AI servers, and the growth of that business acceler ...

Super Micro Computer, Inc. (NASDAQ: SMCI) has been a standout performer in recent years, largely driven by the surge in artificial intelligence (AI) and its dedication to high-performance server and storage solutions. Despite some recent underperformance, certain forthcoming events could potentially spark a price rebound, making this a potentially strategic time to invest in SMCI. According to sources, SMCI has demonstrated remarkable revenue growth, increasing from $3.33 billion in fiscal 2020 to $11.81 bi ...

JHVEPhoto If you believe that Artificial Intelligence ("AI") is more than just a fad, Super Micro Computer (SMCI) may be a solid investment choice for your portfolio. Cloud companies and enterprises have displayed a heavy demand over the last year and a half for accelerated compute platforms necessary for training and running advanced generative AI algorithms. Once OpenAI introduced ChatGPT to the world in November 2022, Super Micro Computer, also called Supermicro, became a go-to provider for companies tha ...

Super Micro Computer (SMCI) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock. We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives invest ...

This stock has outperformed Nvidia so far this year. But my prediction is that another company will benefit even more than Nvidia from the AI boom over the long run. This particular company not only wins when it launches a new product, but it also scores a victory when Nvidia and any of the world's top chip designers release something new. A 30-year-old business The popularity of Supermicro's products and liquid-cooling features have helped revenue to soar. The company recently posted its first $3 billion q ...

SMCI stock forecast and price analysis SMCI stock price year-to-date (YTD) It is also important to note that Wall Street market experts are generally bullish on the future price of SMCI shares in the next 12 months, with an average SMCI stock price target standing at $1,051.11, which represents an increase of 26.51% from its current price, with a 'moderate buy' score. All things considered, the positive SMCI news in the form of its addition to this important index might exercise strong upward pressure on it ...