US Stock Market Move | Super Micro Computer, Inc. (SMCI.US) rose more than 13%, and Raymond James gave it an "outperform" rating compared to the market.
As of the time of publication, the stock has risen by over 13%, reaching $37.87.
On Tuesday, the stock price of Super Micro Computer, Inc. (SMCI.US) soared, with the stock rising over 13% to $37.87 at the time of writing. Raymond James analyst Simon Leopold, leading the analysis, gave the stock an "outperform" rating with a target price of $41. The analyst stated that the company is a "market leader in artificial intelligence-optimized infrastructure" and pointed out that currently, artificial intelligence platforms account for nearly 70% of Super Micro Computer, Inc.'s revenue.
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