Here's why SMCI could reach $122 in 2025
Super Micro Computer(SMCI) Finbold·2024-12-04 11:07
After months of turbulence tied to accounting concerns, Super Micro Computer (NASDAQ: SMCI) is making a remarkable recovery. On December 2, the stock surged 28%, closing the day at $42. As of press time, SMCI is trading at $40, marking an impressive 54% gain over the past month and a 40% year-to-date increase in 2024.SMCI five-day price chart. Source: FinboldThe rally comes on the heels of an independent investigation that cleared the AI server manufacturer of any misconduct, reigniting investor confidence. ...