Super Micro Computer Stock Surges on S&P 500 Selection
Originally Published 1 year ago — by Yahoo Finance
Super Micro Computer's stock rallied by as much as 7.2% on Wednesday morning, driven by bullish coverage from a Wall Street analyst who initiated coverage with a buy rating and a Street-high price target of $1,350 per share, citing the company's leading position in providing computer and server solutions for generative AI and GPU-based systems for deep learning and high-performance computing. With accelerating demand in the AI server market, the stock, which has already seen significant growth, remains a buy despite its affordable valuation.