20 Trending AI Stocks on Latest Analyst Ratings and News

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6. 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. JPMorgan recently downgraded the stock to Neutral from Overweight with a price target of $500, down from $950. In a research note on the company, the advisory clarified that the downgrade was not led by lower confidence in the company’s ability to regain compliance in relation to regulatory filings or related to any of the tenets of the Hindenburg Research short report.

Rather, per the note, the downgrade reflected a near-term view that there was not a clear rationale for new investors stepping into Super Micro Computer, Inc. (NASDAQ:SMCI) shares while uncertainty existed around regaining compliance with regulators that was critical beyond the unchanged business fundamentals.

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