"Super Micro Computer Stock Skyrockets, Outpacing Nvidia in AI Frenzy"
TL;DR Summary
Super Micro Computer's stock surged 6.6% following a bullish note from Barclays, which raised its one-year price target to $961 per share. The company's high-performance rack servers have seen increased demand due to the rise of new AI applications, leading to an 828% rise in its stock price over the last year. Additionally, bullish coverage on Nvidia's strong fourth-quarter results and AI-driven demand in the data-center segment suggests potential further upside for Super Micro Computer.
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- Super Micro’s 700% gain eclipses Nvidia as ‘backdoor’ to AI frenzy The Seattle Times
- Super Micro Computer: This Tech Stock Has Already Doubled In 2024 (NASDAQ:SMCI) Seeking Alpha
- Super Micro Stock Doubled. Should You Sell—What to Know? Barron's
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