2024-09-06 23:55:08
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Super Micro Computer Stock Analysis: To Sell or Buy Amid Downgrades and Uncertainty
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Wells Fargo cut its Super Micro stock price target by over 40%, while other analysts debate the company's medium-term AI server market opportunity and potential customer diversification.
Yahoo Finance
Super Micro Computer stock slips as JPMorgan cuts rating on uncertainty
Finance
Technology
Economy
JPMorgan downgrades Super Micro Computer stock from Overweight to Neutral due to uncertainties around compliance with regulatory filings and internal controls. SMCI shares slip slightly in premarket trading. Analysts emphasize the importance of progress on regulatory filings and Super Micro's response to competitive pressures in the AI Server market. The downgrade is not influenced by lack of confidence in Super Micro's regulatory compliance ability or concerns from the Hindenburg report. Unce..
Yahoo Finance
One of the biggest AI stocks of the year hit with downgrade from JPMorgan
Finance
Technology
Economy
Super Micro Computer (SMCI), an AI-focused data center server maker, has faced a 25% stock plunge after a delayed annual report and Hindenburg Research's accounting manipulation claims. JPMorgan, Barclays, and CFRA analysts downgraded SMCI to Neutral, citing near-term uncertainty and the need for the company to regain compliance, address customer concerns, and respond to a $17.5 million SEC settlement. SMCI, which recently joined the S&P 500 and Nasdaq 100, announced a 10-for-1 stock split. Ya..
Yahoo Finance
1 Wall Street Team Thinks Super Micro Computer Stock Is Going to $438. Is It Time to Sell?
Finance
Economy
Barclays analysts downgraded Super Micro Computer (SMCI) stock due to lower Q4 margins and delayed filing of the Form 10-K annual report after a short-seller report. The CEO has responded, but investors should wait. The Motley Fool Stock Advisor service has returned over 4 times the S&P 500 since 2002, with its latest top 10 stock picks as of September 3, 2024.
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