From Nasdaq, Inc.:

Super Micro Computer (NASDAQ: SMCI) shares skyrocketed 13% as Bank of America set an $1,040 target price and predicted a 50% compound annual growth rate for AI-centric servers. Doubts are over a potential glut but a PEG ratio of 0.4 suggests an undervaluation. The Motley Fool advises caution as they didn’t recommend it in their 10 best stocks list. Bank of America is an advertising partner of The Ascent. Nasdaq, Inc. may not agree with the author’s views and opinions.



Read more: Why Super Micro Computer Stock Rallied on Thursday