Why Super Micro Computer Stock Rallied (Again) Wednesday Morning

Super Micro Computer (SMCI 3.97%), also known as Supermicro, continued to gain ground on Wednesday after a brief pause. The stock was up by as much as 7.2% in morning trading, and as of 11:35 a.m. ET, it was still up by 4.2%.The catalyst that sent the artificial intelligence (AI) server maker higher Wednesday was (more) rosy coverage from a Wall Street analyst.A Street-high price targetThe latest bullish commentary came courtesy of Argus Research analyst Jim Kelleher, who initiated coverage on Supermicro wi ...