Supermicro Stock Drops Ahead of Nvidia Earnings as Investors Worry About AI Valuations
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Super Micro Computer (SMCI) stock fell 7.5% on Wednesday ahead of Nvidia's earnings report, as investors grow concerned about AI stock valuations.
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Nvidia's earnings results today could significantly impact Supermicro and other AI stocks in the near-term.
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Even after recent declines, Supermicro remains a high-risk, high-reward stock that could see big share price swings.
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Rosenblatt analysts raised their Supermicro price target to $1,300 per share (82.5% upside) due to growth in the AI server market.
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Supermicro's liquid cooling technologies for servers could be a major catalyst for future performance.