Wedbush Just Raised Its Price Target on Super Micro Computer (SMCI) Stock

It’s been a difficult month for Super Micro Computer (NASDAQ:SMCI), but one analyst thinks it will rebound. The IT company has surged almost 200% over the past six months, enjoying momentum generated by the artificial intelligence (AI) boom. But last month, the heat started to cool, and SMCI stock fell.This led to speculation that the company was overvalued and that it got too hot too fast. Shares are struggling today amid volatile market conditions, continuing the turbulent trend that the company has exper ...