Super Micro Computer (SMCI -19.99%) stock got crushed in Friday's daily trading. The server and storage technology specialist's share price closed out the daily session down 20%, according to data from S&P Global Market Intelligence.Notably, Supermicro stock actually started Friday's trading session on a bullish note. The company's share price had been up as much as 7.4% early in the day. The initial gains may have been thanks to the unveiling of Sora -- OpenAI's new text-to-video artificial intelligence so ...

Super Micro Computer (SMCI) made a sharp bearish reversal in heavy volume after topping the 1,000 level and making an all-time high Friday morning. The abrupt change in direction sent investors scrambling for their next move.X Super Micro Computer stock opened higher but gains vanished in the first half-hour of trading. In midday trading, shares were down about 12% in volume nearly six times its average.Explosive moves such as SMCI's cannot be sustained. The stock had tripled from its breakout at 357 in Jan ...

Information technology (IT) specialist Super Micro Computer (NASDAQ:SMCI) is giving semiconductor powerhouse Nvidia (NASDAQ:NVDA) a run for its money. However, the main question here centers on the forward viability of SMCI stock and the rabid enthusiasm for artificial intelligence (AI) related businesses.Today is providing a reality check for Super Micro Computer, which specializes in high-performance servers and server management solutions. Heading into the afternoon, SMCI stock is down more than 10%. Nev ...

Super Micro Computer Inc.’s monster run was stalling Friday, as its stock looked to snap its longest winning streak in over seven years. Shares of the server maker had run up nearly 200% in a month, through Thursday’s close, and had catapulted some 900% on a 12-month basis as well. Wall Street seems excited about Super Micro’s SMCI, -12.19% potential to capitalize on the artificial-intelligence frenzy, but Wells Fargo’s Aaron Rakers suggested that this enthusiasm may already be baked into the stock pric ...

Super Micro Computer (SMCI 4.03%) stock's incredible rally has continued this week. The sever and storage company's share price was up 35.6% from last week's market close before the market opened this Friday, according to data from S&P Global Market Intelligence.Super Micro Computer stock got a boost from favorable coverage from multiple analysts, and it also got a boost from bullish coverage on Nvidia. Supermicro's share price is now up roughly 253% across 2024's trading and 980% over the last year.Wall St ...

Shares of Super Micro Computer (SMCI 12.21%) -- better known as Supermicro -- have doubled since it reported its most recent quarterly results two weeks ago. That's because sales and earnings are soaring. The provider of server infrastructure that powers artificial intelligence (AI) computing for data centers is riding the explosive growth in business uses of AI.The stock continued its move higher Thursday after Bank of America Securities analyst Ruplu Bhattacharya initiated coverage of Supermicro with a bu ...

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 ...