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Wajeeh Khan

Goldman Sachs Just Slashed Its Rating on Super Micro Computer Stock. How Should You Play SMCI Here?

Goldman Sachs SMCI Super Micro Computer Super Micro Michael Ng SuperMicro

Goldman Sachs analyst Michael Ng sees further downside in Super Micro (SMCI) shares even though they have already tanked over 18% over the past month.

Ng cited intense competition and valuation concerns as he downgraded SMCI stock to “Sell” and trimmed his price target on the AI server company to $32 in a research note on Monday. 

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