20 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. The company recently unveiled new servers that are based on Xeon processors made by chipmaker Intel. Per reports, the new servers have completely re-designed architectures, including 10U and multi-node form factors that support next-generation GPUs and higher CPU core densities. They also have updated memory slot configurations with 12 memory channels per CPU and new MRDIMMs, offering highest bandwidth and lowest latency. Charles Liang, the CEO of the firm, said that the new servers would help his firm to create customized solutions with complete rack integration services and in-house developed liquid cooling solutions.

Loop Capital recently lowered the price target on Super Micro Computer, Inc. (NASDAQ:SMCI) stock to $1,000 from $1,500 but kept a Buy rating on the shares. In an investor note, the advisory noted that the company was working to get its gross and operating margins to 14% and 10% respectively while dealing with its 10-K delay, though the perception of its demise were greatly exaggerated while its importance in gen-AI was underappreciated.

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