Why did supermicrocomputer stock soar on Tuesday
$Super Micro Computer(SMCI.US$ The stock price recorded another major rise in Tuesday's trading. According to data from S&P Global Market Intelligence, the stock price of this server specialty company rose 3.7%, and intraday transactions were closed.
Today, there was no business-specific news that would boost stock prices, but thanks to analysts' belief that artificial intelligence (AI) will continue strong demand for servers, the evaluation of this high-tech company has risen. Supermicro stocks, in particular, seem to have risen thanks to bullish coverage for Dell stocks announced by Morgan Stanley analyst Erik Woodring (Erik Woodring). Supermicro shares are currently up about 224% in 2024 trading.
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