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The Fed comments came as Wall Street banks predicted rates would not drop until December; Magnificent seven lead US tech shares higher. Follow the latest here.
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
SMCI stock critics are quick to point out that this AI infrastructure play is poised to crash and burn, but the bear case is deeply flawed.
In a research note, JP Morgan analyst Samik Chatterjee has maintained his recommendation on the stock with a Buy rating. The target price remains unchanged at USD 215.
New coverage from a JPMorgan analyst suggests Super Micro stock's rally is poised to continue.