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Nomura/Instinet downgraded Super Micro Computer Inc. ($SMCI) to Neutral with a price target of $930, citing limited upside potential. Analysts noted a shift in performance expectations from beating low to high expectations due to strong guidance. Super Micro Computer stock faced pressure with a 0.2% drop in premarket trading. Analysts highlighted the uncertainty in orders, prompting caution in the stock market.
Super Micro Computer Stock: Order Uncertainty Moves This Analyst to the Sidelines https://t.co/Dq01a8XT4T $SMCI
Super Micro in focus as Wells Fargo sees preannouncement soon; #Nomura cuts Super Micro Computer (NASDAQ: SMCI ) was in focus on Wednesday as a pair of research firms weighed in on the artificial intelligence server company. Shares slipped 0.2% in premarket trading on…
$NVDA started the move and along followed $ARM $LRCX $ASML then followed $AMD Next in line is $SMCI $DELL $MU especially $SMCI that has been laggard, watch for pre-earnings news guidance or stock split that will fuel this stock for big move