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Keybanc sees a range of potential outcomes for the stock.
Super Micro (SMCI) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
AI stocks plunged on Friday on worries that Super Micro Computer could disappoint in its earnings report. One analyst sees Nvidia falling another 19% after Friday's slide.
Last Friday saw an absolute bloodbath for some of the market's hottest AI stocks. Market darling Nvidia (NASDAQ: NVDA ) nosedived 10% in a single session.
Results from Taiwan Semiconductor NYSE: TSM set the semiconductor market up to fall, and all it took was a slim bit of news from Super Micro Computer NASDAQ: SMCI to spark the sell-off. Taiwan Semiconductor set it up by reducing its outlook for semiconductor growth this year, a fact that plays into the market valuation, which was high and driven by AI hype as much as reality.
Super Micro Computer (NASDAQ: SMCI ) stock is a leading player in the data center hardware industry, specializing in high-performance servers and storage solutions. The company's stock has enjoyed handsome returns in 2024, propelled by several factors hinting at a potential period of upward momentum.
Stock prices move up or down depending on the gap between a company's performance and investors' expectations.
The recent phase in the stock market has been challenging, marked by concerns about potential reversals.
Super Micro Computer's server products are in high demand. Analysts have set high expectations for the company to grow.
Loop Capital expects Super Micro Computer stock to head to $1,500 over the next couple of years. The AI server manufacturer, however, seems capable of beating that estimate.