Why Super Micro Computer Stock Soared Today, and Why Another Catalyst Is Coming Soon
Super Micro Computer (NASDAQ: SMCI) stock has been in limbo for months now. The company has been mired in an accounting controversy, and has been at risk of being delisted from the Nasdaq stock exchange since last summer.
This was the stock's second consecutive day of gains.
Super Micro Computer’s (SMCI) stock is up 5% after the server maker scheduled a highly anticipated “business update” for Feb.
The highest price target of $135 implies roughly 330% upside, but if we look at more recent price targets, the average price target sits at $26.8 (14.54% downside).
Stock futures traded mostly higher Tuesday as China retaliated against new U.S. tariffs by unveiling levies on certain ...
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