Super Micro Impacted By AI Server Delays And Nvidia Supply Limits, Analysts Lower Forecast
Super Micro Computer (NASDAQ:SMCI) stock price dropped on Wednesday after the company reported worse-than-expected third-quarter financial results on Tuesday. Wall Street analysts rerated the stock. Needham analyst Quinn Bolton reinstated Super Micro Computer with a Buy and a $39 price target. Wedbush analyst Matt Bryson reiterated Super Micro Computer with a Neutral rating and lowered his price target to $30 (from $40). JP Morgan analyst Samik Chatterjee gave Super Micro Computer a neutral rati