'Keep on Buying,' Says Bank of America About Super Micro Computer Stock - TipRanks.com

Super Micro Computer (NASDAQ:SMCI) has been one of the Street’s biggest success stories over the past year. The stock had been on one almighty AI-fueled run until entering a correction period after hitting its mid-March peaks. That correction further accelerated earlier this week after the server and storage systems specialist delivered its fiscal third quarter results with shares tumbling by 14% in the subsequent session. Given the nature of the results, that beating might seem a bit harsh. Revenue increased …