Published on 28 May 2024 on Benzinga
In the wake of NVIDIA Corp‘s NVDA recent earnings report, Super Micro Computer Inc SMCI shares have been fluctuating. Analysts have weighed in on the future of the stock.
What Happened: Super Micro Computer, a provider of AI systems and GPU servers, saw its shares rise significantly earlier this year, reaching a year-high in mid-March. However, the stock has been volatile since then, with significant drops in late April and early May. Following Nvidia’s strong earnings report, SMCI shares experienced further turbulence.