11 AI News and Ratings You Should Not Miss

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9. Super Micro Computer, Inc. (NASDAQ:SMCI)

Number of Hedge Fund Holders: 47 

Super Micro Computer, Inc. (NASDAQ:SMCI) develops and manufactures high performance server and storage solutions based on modular and open architecture. On November 6, Goldman Sachs slashed the price target on the stock to $28 from $67.50 and kept a Neutral rating on the shares. The reduction in the target reflects the increased risks to estimates due to disruption from Super Micro’s delayed annual filing and auditor resignation, the advisory told investors in a research note. The advisory added that the company’s Q1 preliminary results and Q2 outlook missed on lower than expected revenue. Combined with the absence of revenue guidance reiteration, it appears Super Micro may potentially be seeing some business challenges, contended Goldman.

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