"Analyst Raises Super Micro Computer Price Target to $1,300, Predicts 60% Upside"

Super Micro Computer's stock is down despite Rosenblatt Securities Analyst Hans Mosemann raising the price target on Super Micro shares to $1,300 while maintaining its Buy rating. The company is expected to benefit from the AI boom and has seen a 700% increase in the past 12 months. The chip industry, including Nvidia, is experiencing fluctuations, with investors considering alternative opportunities within the sector. Nvidia's fourth-quarter earnings are eagerly anticipated.