Why Super Micro Computer Rocketed Higher Today
Shares of Super Micro Computer (NASDAQ: SMCI) were rallying on Thursday, up a whopping 7.5% on the day as of 2:35 p.m. ET.
Unlike many other beaten-down stocks that are rallying today, Super Micro had already appreciated mightily in 2023, up a whopping 233% on the year. Still, the stock remains about 25% below its early August highs. So the prospects of lower interest rates and an economic "soft landing" appear to be spurring a "risk on" mentality in cyclical stocks, such as financials, industrials, and, in the case of Super Micro, technology hardware.
In addition, Super Micro issued a press release today highlighting new availability of servers built with the new (NASDAQ: INTC) fifth-generation Xeon server processor, perhaps incrementally increasing excitement for this AI stock.
Source Fool.com
Intel Corp. Aktie
Intel Corp. wird von der Community leicht favorisiert: Mehr Buy- als Sell-Einschätzungen.
Für Intel Corp. prognostiziert die Community ein Kursziel von 38 €, was eine erhebliche Steigerung gegenüber dem aktuellen Kurs von 18.31 € bedeutet.
