Why Super Micro Computer stock is sliding: Goldman starts SMCI at Sell with $26 target
Shares of Super Micro Computer dropped 6.3% to $28.22 Tuesday afternoon following Goldman Sachs analyst Katherine Murphy’s initiation of coverage with a Sell rating. She set a $26 price target, pointing to “limited visibility into improving profitability.” The warning comes as investors, once eager for artificial intelligence hardware, start focusing more on profit margins than just top-line growth. Super Micro’s shares have plunged almost 45% in the last three months, according to a Yahoo Finance report.