Wall Street sets SMCI stock price for the next 12 months

The Super Micro Computer (NASDAQ: SMCI) stock is a noteworthy performer in 2024, primarily propelled by its capitalization on the artificial intelligence (AI) revolution alongside robust financial performance. The growth can partly be tied to the company’s ability to specialize in advanced servers and storage equipment tailored for handling the rigorous workloads of AI applications like OpenAI’s ChatGPT.In 2024 alone, the stock has more than doubled, reaching new all-time highs, with investors contemplating ...