TSM - What's Going On With Super Micro Computer Stock On Monday? | Benzinga
Artificial intelligence server Super Micro Computer, Inc (NASDAQ:SMCI) stock traded higher Monday as positive cues fired from every cylinder.
The semiconductor market benefited from more Wall Street price target boosts for key AI beneficiary Nvidia Corp (NASDAQ:NVDA) and leading contract chipmaker Taiwan Semiconductor Manufacturing Co (NYSE:TSM).
Morgan Stanley raised its price targets on Taiwan Semiconductor, citing its AI moat. Meanwhile, UBS analyst Timothy Arcuri maintained Nvidia with a Buy and raised the price target from $120 to $150.
Foxconn, a key Apple Inc (NASDAQ:AAPL) supplier, reported better-than-expected quarterly revenue on Friday, driven by high demand for AI servers.
The company anticipates continued growth in the current quarter, which signifies ...