The Latest Breaking News from Super Micro Computer

SMCI stock has ramped way higher already this year, but analysts see plenty of reasons to keep buying the new S&P 500 member.

The S&P 500 Index ($SPX ) (SPY ) Monday closed down -0.31%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.41%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.34%. Stock indexes on Monday posted moderate losses as some hawkish Fed comments pushed T-note...

Stocks awaited the Fed's cues on Wednesday. Nvidia and SMCI fell while Cisco rival Arista Networks tried to break out and Cathie Wood sold Block.

The main indexes erased early losses Tuesday as mega-cap tech stock Nvidia swung higher.

Stocks climbed Tuesday afternoon, with the Dow gaining 320 points. The Nasdaq reversed from lows and rallied after getting help from Nvidia.

Super Micro Computer stock plunged Tuesday after the data center specialist announced a new share offering.

The Dow Jones fell after hot inflation data. Nvidia and Super Micro Computer fell after analysts raised their price target on the stocks.

A Wall Street firm raised its price targets on Nvidia and Super Micro Computer ahead of Nvidia's GTC conference for AI developers next week.

SMCI stock has more than quadrupled in 2024 so far, raising valuation concerns.