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Super Micro Computer, Inc. (SMCI) experienced a significant surge in its stock price, surpassing $1,000 with a +15% jump and reaching an all-time high of $1,086. The stock saw an impressive 26% increase with no signs of selling pressure, amid expectations of a stock split. Trading volumes hit 15 million with predictions of an additional 5-15 million by the end of the day. An early morning trading strategy on spreads yielded a 34% gain, from $23 to $31. Despite a brief pullback to $970, the stock is expected to reach $1,200 by the end of the week, with a potential $1,530 target still considered achievable. Argus has initiated coverage on SMCI with a 'Buy' rating and a price target of $1,350, indicating strong future performance expectations.
$SMCI Supermicro initiated with a Buy $1,350 PT at Argus
$1350 target for $SMCI https://t.co/VR07oxEvbe
$SMCI Supermicro initiated with a Buy at Argus 1350 PT
$SMCI: Argus initiates at Buy - PT $1,350
Missed it by $6. $smci https://t.co/jGTeXjw3yt
$SMCI creeping back up to almost green again. Up $80 from the low this morning. $NVDA strong bounce too.
Mind the gap $smci https://t.co/zmy2LKXj3I
I have $SMCI pulling back to 970 tomorrow then 1200 by Friday ๐ฎ
$SMCI My $1530 target from 2 weeks ago could still be in play. https://t.co/nMI12sJ4kb https://t.co/4SjJGk7b6C
$SMCI morning entry on spreads up +34% ($23 to $31 trim and riding rest) https://t.co/FSj3JT61JS
$SMCI 15mill volume already - expect another 5-15mill rest of day Professional gap with heavy volume breakout - tells you any dip (unless heavy volume) likely holds the gap support and bounces
$SMCI up 26% and still no sellers. Now they just need to announce a stock split $NVDA.
$SMCI hit $1086 all time high!! $NVDA also all time high. This will probably be the biggest regret of 2024. https://t.co/w28XYaknJc
$SMCI BUSTS LOOSE +15% TO SURPASS $1,000