After Super Micro’s fiscal third quarter earnings report yesterday, investment bank JPMorgan reduced the firm’s share price target and kept a Neutral rating on the stock. Super Micro’s cloudy outlook for the ongoing quarter and the full year has weighed down on its stock. Since trading opened today, the shares have lost 5%, and they are up by 3.9% year-to-date after having struggled amidst broader investor pessimism about AI and global trade tensions. The shares have lost 48% since their peak in February, after less-than-stellar earnings from NVIDIA have weighed on the stock. JPMorgan Notes Lack Of Reassurance Behind Super […]
Read full article at https://wccftech.com/jpmorgan-reveals-2-key-catalysts-for-super-micro-stock-price-as-it-cuts-target-to-35/
