Bank of America says keep buying this server maker with an AI competitive edge and great relationship with Nvidia

Super Micro Computer has more room to run given its competitive advantage and relationships in the artificial intelligence sector, Bank of America said. Analyst Ruplu Bhattacharya hiked his price target by $240 to $1,280, now implying upside of 10.1% from Tuesday's close. Bhattacharya also reiterated his buy rating.

mountain Super Micro Computer, year to date The analyst's new target price also offers reassurance that the stock's rally isn't losing steam. Super Micro shares have already surged more than 300% this year as the AI craze continues, adding to 2023′s jump of more than 240%.

Technology Technology Latest News, Technology Technology Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

How NVIDIA leads the world by making AI user-friendlyDT Video
Source: DigitalTrends - 🏆 95. / 65 Read more »

AI-Linked Tokens Surge on Nvidia Hype; Nigeria's SEC Cracks Down on Crypto'CoinDesk Daily' host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, including the 25% surge in artificial-intelligence tokens over the past 24 hours, according to data tracked by CoinGecko. Plus, Nigeria's SEC updates guidelines for crypto firms in an attempt to stop 'criminal activities.
Source: CoinDesk - 🏆 291. / 63 Read more »

Stocks making the biggest moves midday: Nvidia, Marvell Technology, Costco, Eli Lilly and moreThese are the stocks posting the largest moves in midday trading.
Source: CNBC - 🏆 12. / 72 Read more »