Super Micro Shows Margin Weakness Despite Strong AI Demand: Analyst
SMCISuper Micro Computer(SMCI) Benzinga·2024-08-08 02:40

Super Micro Computer, Inc SMCI shows margin weakness despite strong artificial intelligence demand.The company’s stock plummeted in pre-market trading and continues to dip, currently trading at 496.83pershare,down19.47496.83 per share, down 19.47% at last check Wednesday. Bank of America Securities analyst Ruplu Bhattacharya downgraded the rating on Super Micro Computer from Buy to Neutral with a price target of 700, down from $1,090.Goldman Sachs analyst Michael Ng reiterated a Neutral rating on Super Micro with a price target ...