20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Super Micro Computer Inc (NASDAQ:SMCI) has been among the main beneficiaries of the artificial intelligence (AI) market explosion.
The San Jose, California-based company is likely to generate strong revenue growth over the next several years, “driven by AI related demand,” according to BofA Securities.
The Super Micro Computer Analyst: BofA Securities analyst Ruplu Bhattacharya initiated coverage of Super Micro Computer with a Buy rating and a price target of $1,040.
The Super Micro Computer Thesis: The company is growing its backlog and expanding its capacity to support strong revenue growth, Bhattacharya said in the initiation note.
Check out other analyst stock ratings.
More than 50% of Super Micro Computer’s revenues are now “tied to accelerators like GPUs,” the analyst wrote.
Bhattacharya stated that the market for AI servers is “much larger” than is reflected in Street models, and could grow at a 50% CAGR over the next three years, versus the historical 5.5% of the overall server market over the past 17 years. He added, that Super Micro Computer’s revenues could grow “even faster driving market share gain.”
SMCI Price Action: Shares of Super Micro Computer had risen by 9.27% to $962.17 at the time of publication Thursday.
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20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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