Why Super Micro Computer Stock Is Skyrocketing Today
Key takeaways
- SMCI NVDA ^GSPC ^IXIC Super Micro Computer (NASDAQ: SMCI) stock is surging today thanks to bullish analyst coverage.
- GF Securities published a new note on Supermicro before the market opened this morning, raising its rating on the stock from hold to buy.
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
SMCI NVDA ^GSPC ^IXIC Super Micro Computer (NASDAQ: SMCI) stock is surging today thanks to bullish analyst coverage. The company s share price had risen 15.3% as of 1:10 p.m. ET amid the backdrop of a 0.4% decline for the S&P 500 and a 1.2% drop for the Nasdaq Composite.
GF Securities published a new note on Supermicro before the market opened this morning, raising its rating on the stock from hold to buy. With today s big pop, the stock is now up roughly 21% across this year s trading.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »