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broader AI marketTipRanks
•80% Informative
Super Micro Computer ( SMCI ) is among the many victims of the tech sell-off.
Despite the rotation out of tech stock, the supportive trends in artificial intelligence ( AI ) are set to be sustained.
Super Micro plays a crucial role in the AI industry by providing high-performance server solutions tailored for AI workloads.
The company’s Q4 results are due on August 6 , and to date, there have been no preliminary results.
The average Super Micro Computer stock price target is $ 978.50 , implying 40.6% upside potential.
On TipRanks , SMCI comes in as a Moderate Buy based on five Buys, five Holds , and one Sell rating.
The average share price target for SMCI stock, coupled with the PEG ratio, infers that the sell-off has been too severe.
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