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High-flyer Super Micro Computer shares hit record, then reverse course

Shares in Super Micro Computer Inc were down almost 12% on Friday after hitting a record high earlier in the session and closing Thursday's session up more than 250% for the year-to-date as investors have been betting on the stock as a big beneficiary of strong artificial intelligence technology demand. Wells Fargo analyst Aaron Rakers started covering the stock on Friday with an equal weight rating, saying the shares were already discounting "solid upside". "SMCI's AI-f...
Lance Tupper Aaron Rakers David Evans Wells Fargo Bofa Global Research Super Micro Computer Inc
Source: aol.com

High-flyer Super Micro Computer shares hit record, then reverse course

:Shares in Super Micro Computer Inc finished down 20 per cent on Friday after hitting a record high earlier in the day as investors took a break after betting on the stock as a big beneficiary of strong artificial intelligence technology demand.After hitting a new record high of $1,077.87 early in Friday's se
Aaron Rakers David Evans Lance Tupper Super Micro Computer Inc Bofa Global Research Wells Fargo

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High-flyer Super Micro Computer shares hit record, then reverse course

(Reuters) -Shares in Super Micro Computer Inc finished down 20% on Friday after hitting a record high earlier in the day as investors took a break after betting on the stock as a big beneficiary of strong artificial intelligence technology demand. After hitting a new record high of $1,077.87 early in Friday's session, SMCI ended the day down $200 at $803.32, snapping a nine-day winning streak for SMCI and marking its biggest one-day percentage decline since August. With about 33.5 million...
David Evans Aaron Rakers Lance Tupper Super Micro Computer Inc Advanced Micro Devices Wells Fargo
Source: yahoo.com

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