Super Micro Computer: Why This AI Stock Could Hit $600
SMCISuper Micro Computer(SMCI) Kiplinger.com·2024-09-18 23:15

Super Micro Computer (SMCI) has given investors a wild ride so far in 2024. Indeed, shares had more than quadrupled for the year to date back in March, but have since whittled this gain to just 60%. Still, this return is outperforms the broader S&P 500 and one analyst thinks there's more upside in store for the artificial intelligence (AI) server, software and infrastructure company in the near future.Specifically, financial services firm Needham initiated coverage on SMCI with a Buy rating and $600 price t ...