Why Super Micro Computer Stock Jumped 5% on Monday
Super Micro Computer(US:SMCI) The Motley Fool·2024-02-12 19:16Shares 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 ...