"Super Micro Computer Stock Soars and Plummets in Rollercoaster Week"
TL;DR Summary
Shares in Super Micro Computer Inc surged to a record high before reversing course and dropping nearly 12% on Friday, despite a 250% increase for the year. Analysts from Wells Fargo and BofA Global Research have weighed in on the stock, with Wells Fargo starting coverage with an equal weight rating and BofA Global Research initiating coverage with a buy rating and a $1,040 price target. The stock's recent strong rally has triggered bearish warning signals from a technical perspective.
Topics:business#artificial-intelligence#bofa-global-research#finance#stock-market#super-micro-computer-inc#wells-fargo
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