JPMorgan Maintains Neutral Rating on Super Micro Computer (SMCI)
On April 16, JPMorgan reduced its price target for Super Micro Computer Inc. (NASDAQ:SMCI) from $40 to $28 but kept a neutral rating due to expected AI infrastructure spending growth in servers and networking equipment ahead of Q1 earnings. The firm also noted an ongoing independent investigation by SMCI following U.S. Justice Department charges against several executives related to export control violations.
Topics: analyst rating compliance investigation export violations JPMorgan Super Micro Computer