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Super Micro's stock has surged 900% in a year. Why BofA is making a ‘buy' call.
Market Watch· 2024-02-15 15:41
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 ...
SMCI stock flashes ‘overbought' as RSI hits all-time high
Finbold· 2024-02-15 14:09
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 ...
Vapor IO and Supermicro Launch Zero Gap™ AI, Powered by the NVIDIA GH200 Grace Hopper Superchip, in North America
Businesswire· 2024-02-15 14:00
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 Surged Today -- Is It Too Late to Buy the Red-Hot Artificial Intelligence (AI) Growth Stock?
The Motley Fool· 2024-02-14 22:59
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 ...
This Hot AI Stock Is Up 202% and Still Has Upside, According to 1 Wall Street Analyst
The Motley Fool· 2024-02-14 20:38
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 ...
Why Super Micro Computer Stock Is Surging Again Today
The Motley Fool· 2024-02-14 18:41
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 ...
Here is What to Know Beyond Why Super Micro Computer, Inc. (SMCI) is a Trending Stock
Zacks Investment Research· 2024-02-14 15:05
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 ...
Super Micro Computer Jumped Again Today -- Is It Time to Buy the Artificial Intelligence (AI) Stock Hand Over Fist?
The Motley Fool· 2024-02-12 23:20
Super Micro Computer (SMCI 4.42%) stock climbed again Monday. The company's share price closed out the daily trading session up 4.4%, according to data from S&P Global Market Intelligence. Earlier in the session, it had been up as much as 9.4%.Before the market opened this morning, Northland Capital Markets published a bullish update on Super Micro. Analyst Nehal Chokshi's note maintained an "outperform" rating on the stock and raised the firm's one-year price target from $625 per share to $925 per share. B ...
3 Alternative Picks if You Love Super Micro Computer Stock
InvestorPlace· 2024-02-12 22:10
If you love the concept undergirding information technology (IT) stalwart Super Micro Computer (NASDAQ:SMCI) – and who doesn’t? – but just don’t want to pay “full retail,” then Super Micro Computer alternative picks may be right for you. These are ideas similar or related to SMCI stock in some tangible way but with arguably better entry points.Fundamentally, investors gravitate toward the IT specialist because it’s one of the largest producers of high-performance, high-efficiency servers. As a result, Super ...
Why Super Micro Computer Stock Jumped 5% on Monday
The Motley Fool· 2024-02-12 19:16
Shares of Super Micro Computer (SMCI 3.31%), a provider of high-performance server solutions for the artificial intelligence (AI) industry, were up by around 5% as of 1:30 p.m. ET on Monday after Northland Capital Markets analyst Nehal Chokshi raised his price target on Supermicro stock by nearly 50%. What Chokshi saidTo be precise, Chokshi raised his price target on Supermicro stock (which was already rated outperform, and which Northland calls a "top pick" in AI) to $925 per share. The analyst observed th ...