Shares of Super Micro Computer (SMCI 11.94%), also known as Supermicro, jumped Thursday, climbing as much as 13%. As of 1:54 p.m. ET, the stock was still up 12.3%.The catalyst that drove the server and storage solution specialist's stock higher was bullish coverage by a major bank.A Street-high price targetBank of America analyst Ruplu Bhattacharya initiated coverage on Supermicro, assigning a buy rating and a Street-high price target of $1,040, according to TheFly. This suggests a potential upside of 18% c ...

The Super Micro Computer (NASDAQ: SMCI) stock price has gone parabolic, as I predicted a while ago. Most recently, the shares have risen in the past nine straight days and is on the cusp of getting to $1,000. It has jumped by more than 260% this year as investors compare its performance to that of Nvidia, the biggest semiconductor company in the world.Super Micro Computer stock is surgingCopy link to sectionThe reasons for Super Micro Computer stock’s surge are easy to know. As I wrote in my first article o ...

This year has been an absolutely incredible one for a wide range of artificial intelligence (AI)-related stocks. For Super Micro Computer (NASDAQ:SMCI), this has certainly been the case, with the stock already more than tripling on a year-to-date basis. However, today’s double-digit move in SMCI stock has the stock now within spitting distance of $1,000 per share and a fresh new all-time high. Today’s rally in the high-performance server and data center storage company appears to be tied to both broad-based ...

Is it too late to buy shares of Super Micro Computer Inc., which have surged about 180% over the past month and rocketed some 900% over the past 12 months? Not according to BofA Securities analyst Ruplu Bhattacharya, who initiated coverage of the server maker’s stock with a buy rating and $1,040 price objective. He said Super Micro’s SMCI potential may not be fully appreciated by investors. “We... Master your money. Subscribe to MarketWatch. Get this article and all of MarketWatch. Access from an ...

With the shares of Super Micro Computer Inc. (NASDAQ: SMCI) reaching their record high, a technical analysis (TA) indicator has flashed a signal that might flip the positive trend, suggesting a possible sell-off might be on the horizon for the semiconductor stock.As it happens, it isn’t just the price of SMCI stock that has hit an all-time high (ATH), but also its 14-day relative strength index (RSI), which currently stands at 95.64, according to chart pattern observations shared by stock market analyst Bar ...

AUSTIN, Texas--(BUSINESS WIRE)--Vapor IO and Supermicro are today announcing a groundbreaking collaboration called Zero Gap™ AI, powered by the NVIDIA MGX platform with the NVIDIA GH200 Grace Hopper Superchip. Zero Gap AI is a unique 5G- and AI-as-a-Service platform, operated by Vapor IO, that delivers private 5G and GPU-based micro-clouds to specific locations, directly adjacent to where the capabilities are needed, such as next to retail storefronts, factory floors, and city intersections. The platform ma ...

Super Micro Computer (SMCI 11.25%) stock jumped again in Wednesday's trading. The company's share price closed out the daily session up 11.3%, according to data from S&P Global Market Intelligence.On Tuesday, Barclays analysts published a note on Super Micro  (known as Supermicro) stock. The firm's analysts raised their one-year price target from $691 per share to $961 per share due to indications that artificial intelligence (AI) would continue to power strong demand for Supermicro's rack servers. Based on ...

Super Micro Computer (SMCI 10.83%) stock has rocketed 202% year to date, and that follows a similar run in 2023. Barclays analyst George Wang recently raised the share price target to $961 while maintaining his buy rating on the stock. That new target represents an upside of 21% from the stock's Feb. 13 closing price.The problem is that Supermicro (as it is more commonly known) stock is running up fast, and it could hit the analysts' target in a matter of days. Optimism about the IT rack solution provider's ...

Shares of Super Micro Computer (SMCI 7.62%) are making big gains in Wednesday's trading session. The red-hot server company's share price was up 6.6% as of 12:30 p.m. ET today, according to data from S&P Global Market Intelligence.Yesterday, Barclays published a bullish note on the stock. The firm's analysts retained an overweight rating on the company and raised their one-year price target to $961 per share.The analysts previously had a one-year target of $691 on the stock, which Super Micro has already su ...

Super Micro Computer (SMCI) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this server technology company have returned +142.6%, compared to the Zacks S&P 500 composite's +3.7% change. During this period, the Zacks Computer- Storage Devices industry, which Super Micro falls in, has gained 39.4%. The key question now is: What could be the stock's future d ...