Northland analyst Nehal Chokshi raised the firm’s price target on Super Micro Computer to $200 from $175 and keeps an Outperform rating on the shares. The firm, which contends that it is "increasingly apparent" that Super Micro is aligned with the AI mega-trend, estimates AI related demand increased at least 60% quarter-over-quarter in the March quarter, offsetting weakening general corporate IT demand.
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Published first on TheFly
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