1 Wall Street Analyst Thinks Super Micro Computer Stock Is Going to $1,500. Is It a Buy Around $883?

A lofty valuation may be more sustainable now that Super Micro has landed in a major stock index.Server manufacturer Super Micro Computer (SMCI -1.75%) was added to the S&P 500 index earlier this year. While the company has been operating for decades, soaring demand for servers capable of running artificial intelligence workloads has propelled Super Micro's revenues and profits to new heights.Analysts at Loop Capital see the inclusion in the S&P 500 index as a reason to get behind Super Micro's pricey valua ...