Key PointsSMCI recently broke out of a multi-month consolidation, surpassing $350 resistance, taking its one-year performance to a remarkable 486% increase.SMCI's pre-reported figures for Q2, with revenue projected between $3.6 billion and $3.65 billion, significantly exceeding earlier guidance and analyst expectations.Ahead of its upcoming earnings release, analysts maintain a moderate buy rating, with two recent actions, including Barclays boosting its target and Wedbush reiterating a neutral rating.5 sto ...

Super Micro Computers’ stock surge has pushed its founder and CEO, Charles Liang, into the billionaire ranks.Liang, a 66-year-old Taiwan native, decided 30 years ago that Super Micro would begin designing motherboards, according to the company’s website.Now a Silicon Valley resident, Liang’s bet on motherboards, complex circuit boards that have become increasingly important as the backbone of artificial intelligence, have paid off.On Friday, shares of Super Micro jumped 25% to a record high after the compa ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Super Micro Computer (SMCI) .Super Micro currently has an average ...

Super Micro Computer (SMCI) shares soared 4.9% in the last trading session to close at $457.38. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 50.6% gain over the past four weeks.The increase in share price can be attributed to the company’s upbeat preliminary financial results for the second quarter of fiscal 2024.The company now expects net sales to be between $3.6 billion and $3.65 billion compared with earlier guided range o ...

With share prices up by 49% in the first three weeks of 2024, Super Micro Computer (SMCI 4.85%) has hit the ground running in the new year. This latest move caps off an almost 500% rally over the last 12 months as investors become increasingly optimistic about its potential in generative artificial intelligence (AI) infrastructure. Let's discuss what the next three years could have in store for the company. What does the guidance upgrade mean for investors?On Jan. 19, Super Micro released its preliminary re ...

Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. But finding a growth stock that can live up to its true potential can be a tough task.That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.However, the Zacks Growth Style Score (part of th ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Super Micro Computer (SMCI) . This company, which is in the Zacks Computer- Storage Devices industry, shows potential for another earnings beat.This server technology company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters ...

With the previous year being pivotal for AI, it is no wonder that companies that focus their products in this industry are recording impressive gains. Among them is Super Micro Computer (NASDAQ: SMCI), whose performance made its executives readjust their revenue expectations.On December 19, the management of SMCI revised their expectations for the quarter ending in December. Consequently, SMCI stock experienced a significant surge, propelled by the announcement and the underlying credibility of multiple gro ...

Super Micro Computer (SMCI 3.04%), more commonly known as Supermicro, has likely made enormous profits for investors over the years. The producer of high-performance servers went public at $8 on March 29, 2007, and it now trades at about $423.A $20,000 investment in Supermicro stock at the time of its IPO would be worth $1.06 million today. The lion's share of those gains, however, occurred within the past couple of years.Supermicro's growth was driven by robust sales of its high-end servers, and those sale ...

On Monday, it seemed almost impossible not to make money by betting on tech stocks -- nearly any tech stocks.Such titles are all the rage on the market just now, with a host of tailwinds propelling them forward. On Monday, beneficiaries in many tech niches abounded. Components supplier Super Micro Computer (SMCI 3.04%), data warehousing specialist Snowflake (SNOW 3.09%), and next-generation database company MongoDB (MDB 3.08%) all bumped more than 3% higher in price.Good and bad news from AsiaOne of the str ...