The Wall Street firm hiked its price target after Super Micro Computer issued rosy guidance in its latest results.
It's time to buy Super Micro Computer after its latest earnings results on the strength of its artificial intelligence outlook, according to Loop. Analyst Ananda Baruah hiked his price target to $150 from $100. The new price target implies shares can jump 43% from Tuesday's closing price of $104.43. Shares gained 28% on Wednesday, and they're up 63% in 2023. The price target hike comes after Super Micro Computer reported results from its latest quarter.
mountain Super Micro Computer shares 1-day "With applications like ChatGPT, that heavily count on large language model LLM and generative AI, the state of AI infrastructure business has grown rapidly," CEO Charles Liang said Tuesday during the earnings call. "This AI moment has benefited Supermicro greatly, as we are deploying many orders leading and large-scale GPU clusters," Liang added. Investors were encouraged by the rosy outlook.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Argument leads to gunfire on Loop 820 service road in Fort WorthFort Worth police are investigating a road rage shooting following an argument at a popular restaurant.
Lire la suite »
Charges filed after Loop Target worker stabbed while confronting shoplifter: Chicago policeWith the impact of retail theft on the rise, the company said it has been working with lawmakers and police to advocate for public policy solutions.
Lire la suite »
3 people hospitalized, 1 person in custody after 3-vehicle crash on Loop 1604Three people are in the hospital and another person is in custody following a three-vehicle crash late Tuesday night.
Lire la suite »
Jailed Navalny Forced to Listen to Putin Rants on LoopImprisoned Kremlin foe Alexei Navalny says prison guards have come up with a creative new tactic to torment him: forcing him to listen to Vladimir Putin speeches over and over each night.
Lire la suite »
Jury selection begins in Antonio Armstrong Jr. capital murder trialA third of the prospective jurors called to court in the Antonio Armstrong Jr. capital murder case expressed familiarity with the accusation that he killed his parents, some citing news reports they read at the time of the couple's 2016 deaths.
Lire la suite »
2023 NFL Draft grades: Browns had limited capital, but used it appropriately on Siaki Ika
Lire la suite »