18 Trending AI Stocks on Latest Analyst Ratings and News

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7. 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. In the past few months, investments in generative AI have led to a massive rally in the share price of the company. Super Micro provides server solutions for generative AI firms. Even though the sales of the servers have skyrocketed as AI investments ramp up, the working capital required to meet the rise in demand has resulted in consistently negative cash flows. Even as the firm tries to raise new capital, access to investors could be difficult in light of recent developments, including a delayed 10k filing that sent the shares crashing earlier this week.

After the release of a report alleging accounting irregularities at Super Micro Computer, Inc. (NASDAQ:SMCI), JPMorgan reiterated an Overweight rating on the stock. In an investor note, the advisory claimed the report was void of details. The note further added that the magnitude of revenues referenced in the report does not change the medium-term revenue opportunity for the company in relation to the addressable $275 billion artificial intelligence server total addressable market in 2026 and 2027.

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