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SMCI Stock Receives Harshest Price Target Among 17 Tracked Analysts As JPMorgan Maintains Underweight Rating On Super Micro: 'No Significant Movement Of Orders'
The NASDAQ broke through 0.02 million points for the first time, Tesla led a group of tech giants to a new high, and Bitcoin climbed to 0.1 million dollars
The Dow and Apple fell, the Nasdaq rose nearly 2%, Tesla and Google rose nearly 6%, while Meta, Amazon, and Netflix all reached new highs. NVIDIA rose over 3%, Broadcom rose nearly 7%, Super Micro Computer once dropped over 8%, the decline of Chinese concepts narrowed, and Fangdd Network turned to rise over 11%. The U.S. November CPI confirms interest rate cut bets for next week, with a pause on rate cuts expected in January next year. The dollar and U.S. Treasury yields rebounded in a V-shape, while spot Gold reached its highest level in five weeks. The yen plunged below 152, while the offshore yuan once dropped over 300 points, falling below 7.29 yuan. After a significant interest rate cut by the Bank of Canada, the Canadian dollar and Canadian bond yields turned to rise, and oil prices increased by about 2%.
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SMCI Stock Drops In Pre-Market Despite Super Micro CEO's Assurance Against Delisting: What's Going On?
Possibly being removed from the NASDAQ 100 Index, Super Micro Computer's stock price plummeted by 8%.
Despite the recent controversies surrounding Super Micro Computer, JPMorgan analysts indicate that the company's server Orders remain strong, with a new product expected to be launched in 2025. Furthermore, with the release of NVIDIA's next-generation processors, it is anticipated that AI-related Business will be Bullish for Super Micro Computer.
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