Super Micro Shares Surge to Record High on Bullish AI Growth Outlook
• Super Micro Computer shares surged 14% to a record high on Thursday amid anticipation of gains from AI growth
• Barclays raised its price target by 39% to $961, citing Super Micro's partnerships and position in the AI ecosystem
• Bank of America initiated coverage with a "buy" rating, also saying Super Micro could benefit from rising AI demand
• Analysts believe Super Micro can mix and match components to meet varied customer needs for complex AI architectures
• Super Micro shares have more than tripled in value since the start of 2024