Super Micro's stock is a clear ‘AI winner,' but here's why Goldman is cautious

Super Micro Computer Inc. is a proven “AI winner” according to Goldman Sachs analyst Michael Ng, but that doesn’t necessarily mean you should buy the stock. With the shares up nearly 1,000% since the start of 2023, they’re “fairly valued,” in Ng’s view. He initiated coverage of Super Micro’s stock SMCI, +25.29% with a neutral rating and $941 target price Monday, writing of its “premium valuation” after that big run higher. Super Micro has mirrored Nvidia Corp. with its revenue growth and inflection in earni ...