How Nvidia's Earnings Are Impacting Super Micro Computer's Shares
Portfolio Pulse from Benzinga Neuro
Nvidia's strong earnings report has caused fluctuations in Super Micro Computer's shares. Despite volatility, SMCI is up 210% year-to-date. Analysts from Bank of America and JPMorgan maintain positive ratings, citing the company's potential in AI-related accelerated computing and liquid cooling. The consensus price target is $1,059.03, indicating a 19.8% upside.
May 28, 2024 | 1:41 am
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POSITIVE IMPACT
Nvidia's strong earnings report has caused fluctuations in Super Micro Computer's shares, highlighting Nvidia's significant market influence.
Nvidia's earnings report has a direct impact on Super Micro Computer's stock, indicating Nvidia's strong market position and influence on its partners.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 70
POSITIVE IMPACT
Super Micro Computer's shares have been volatile following Nvidia's earnings report. Despite this, the stock is up 210% YTD, with analysts maintaining positive ratings and a consensus price target of $1,059.03.
Super Micro Computer's stock has been directly affected by Nvidia's earnings report. Analysts remain positive, citing the company's potential in AI and liquid cooling.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100