AI’s Next Winners Aren’t Just Tech. Walmart, JPMorgan Chase, and Other Stocks to Watch.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 26 2024
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Source: MarketWatch
- AI Investments: Investors are focusing on companies involved in AI hardware and software, leading to high stock returns.
- Expansion Beyond Tech Companies: Non-tech companies are now utilizing AI tools to enhance efficiency and productivity.
- Increased Mentions of AI: The term "AI" is being mentioned more frequently on U.S. large- and mid-cap company earnings calls this year.
- Growing Interest in AI: AI is becoming a significant topic beyond traditional tech giants like Nvidia and Microsoft.
- Businesses Embracing AI: Various industries are adopting AI technologies to drive innovation and improve operations.
Analyst Views on SMCI
Wall Street analysts forecast SMCI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SMCI is 46.82 USD with a low forecast of 34.00 USD and a high forecast of 63.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
12 Analyst Rating
5 Buy
5 Hold
2 Sell
Hold
Current: 32.450
Low
34.00
Averages
46.82
High
63.00
Current: 32.450
Low
34.00
Averages
46.82
High
63.00
About SMCI
Super Micro Computer, Inc. provides application-optimized Total IT solutions. It delivers rack-scale solutions optimized for various workloads, including artificial intelligence and high-performance computing, where acceleration is critical. It produces a portfolio of server and storage solutions for enterprise data centers, cloud service providers and edge computing (5G Telco, Retail and embedded). Total IT Solutions include complete servers, storage systems, modular blade servers, workstations, full-rack scale solutions, networking devices, server sub-systems, server management and security software. It provides global support and services to help its customers install, upgrade and maintain their computing infrastructure, including liquid-cooling operations. It offers platforms in rackmount, blade, multi-node and embedded form factors, which support single, dual and multiprocessor architectures. Its key product lines include SuperBlade and MicroBlade, SuperStorage, Twin and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
