11 Trending AI Stocks on Latest News and Ratings

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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, Susquehanna analyst Mehdi Hosseini lowered the price target on the stock to $15 from $32.50 and kept a Negative rating on the shares. The advisory updated estimates based on the preliminary results and the guide. In an investor note, the advisory noted that despite a lack of a detailed financial statement and inability to file with the SEC, the updated estimates should still help investors with margin trends, the company’s earnings direction, and the implied downside risk to consensus.

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