Can Super Micro Computer Stock's Parabolic Move Continue?
Super Micro Computer(US:SMCI) The Motley Fool·2024-02-15 20:29Shares of Super Micro Computer (SMCI 12.21%) -- better known as Supermicro -- have doubled since it reported its most recent quarterly results two weeks ago. That's because sales and earnings are soaring. The provider of server infrastructure that powers artificial intelligence (AI) computing for data centers is riding the explosive growth in business uses of AI.The stock continued its move higher Thursday after Bank of America Securities analyst Ruplu Bhattacharya initiated coverage of Supermicro with a bu ...