Following a terrific start to the year, Super Micro Computer 's ( SMCI 4.59%) stock chart has undergone a stark reversal over the past six months. It has lost close to 60% of its value from its peak, and recent developments seem to have further dented investor confidence in the company.

Super Micro Computer stock has plenty more upside ahead, according to a Needham analyst who expects investors to buy up shares of the server maker, which he thinks will be a successful AI play. Quinn Bolton initiated coverage of Super Micro with a Buy rating and a $600 price target,

Super Micro's first-mover advantage could make it a significant beneficiary to growing AI investments, Needham says. Here's what investors need to know.

Super Micro Computer ( SMCI 4.59%) investors have been on a roller-coaster ride in 2024. The stock entered the year at $280, then it quickly peaked at nearly $1,200 in March. Since then, it's been a near-straight fall down, and the stock currently sits around $440.

Super Micro Computer, Inc.'s stock has fallen due to a delayed 10-K filing and a short report. Click for my reasons for thinking SMCI stock now presents opportunity.

Dell Technologies stock was climbing on Tuesday after a Mizuho analyst initiated coverage of the shares with an Outperform rating and said the maker of PCs and other hardware has some unique advantages.

Super Micro Computer (SMCI) received a significant vote of confidence today as Needham initiated coverage with a price target of $600 and a “Buy” rating. Currently trading below $450, the company is positioned for substantial growth,