Super Micro Computer hits record high ahead of its earnings

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 ...