Super Micro Stock Hits Record High on Bullish AI Growth Outlook
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Shares of Super Micro Computer hit a new record high amid optimism about the company's AI-related growth prospects
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Analysts at Argus Research said the company is positioned for years of strong revenue growth, margin expansion, and earnings acceleration
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Argus set a $1,350 price target for the stock and gave it a buy rating
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The stock has quadrupled since the start of 2024 on surging demand for AI products and services
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Super Micro is seen as a leading provider of data center infrastructure that powers generative AI models and applications