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Wajeeh Khan

Loop Capital Raises Its Price Target on SMCI Stock as Company Officially Regains Nasdaq Compliance

SMCI Loop Capital Nasdaq Super Micro Ananda Baruah Super Micro Computer

Super Micro Computer (SMCI) rallied as much as 20% on Wednesday after filing its long overdue 10-K and regaining compliance with Nasdaq minimum listing requirements. The company also reported its audited financial results for the first two quarters of its fiscal 2025. 

Including today’s surge, shares of the AI server company are nearly 70% in the year to date. Still, Ananda Baruah, a Loop Capital analyst, continues to see significant further upside in SMCI shares. 

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