Super Micro Computer (SMCI) stock is in the red ahead of Tuesday's market close. Rosenblatt Securities Analyst Hans Mosemann has raised the price target on Super Micro shares to $1,300 while maintaining its Buy rating. Yahoo Finance Live examines Super Micro Computer's stock movements ahead of Nvidia's (NVDA) fourth-quarter earnings expected out tomorrow, Wednesday, February 21. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.
Super Micro Computer (SMCI) stock is in the red ahead of Tuesday's market close. Rosenblatt Securities Analyst Hans Mosemann has raised the price target on Super Micro shares to $1,300 while maintaining its Buy rating.
Yahoo Finance Live examines Super Micro Computer's stock movements ahead of Nvidia's (NVDA) fourth-quarter earnings expected out tomorrow, Wednesday, February 21.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Luke Carberry Mogan.
Barrons.com
Super Micro Computer stock has plenty of room to rise, according to Rosenblatt Securities, which gave the shares a towering price target Tuesday. Super Micro Computer shares have surged 715% over the last 12 months, driven by investor excitement for the future of artificial intelligence. Rosenblatt analyst Hans Mosesmann expects these gains to continue.
Investor's Business Daily
The Dow Jones Industrial Average couldn't quite get into positive territory Tuesday and took a loss going into afternoon trading. Dow stocks briefly flirted with break-even territory before succumbing and dropping 0.2%. The S&P 500 fell 0.8% while the Nasdaq continued to languish, tumbling further into negative territory for a 1.4% loss.
Reuters
Nvidia has been at the heart of the frenzy around artificial intelligence (AI). The market capitalization of Nvidia was $1.79 trillion on Friday. "The market is maybe a little bit hesitant whether they (Nvidia) can deliver a strong enough guidance to reinvigorate the market even higher," said Frank Lee, head of technology research at HSBC.
Bloomberg
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