"Super Micro Stock: Record Highs, Sudden Plunge, and BofA Securities Bull"
TL;DR Summary
Shares in Super Micro Computer Inc (SMCI.O) hit a record high of $1,077.87 before sinking 20% to $803.32, marking its biggest one-day percentage decline since August. The stock's nine-day winning streak ended, with trading volume reaching its highest level since its 2007 IPO. Analysts have varying price targets, with Wells Fargo initiating coverage at $960 and BofA Global Research giving a buy rating and $1,040 target. The stock's recent rally has triggered bearish technical signals.
Topics:business#artificial-intelligence#finance#semiconductor#stock-market#super-micro-computer-inc#wells-fargo
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