Asian shares declined despite Wall Street's rebound as investors awaited further developments in trade wars. Meanwhile, a study found that crafting boosts happiness and life satisfaction more than employment.
The Business Journals highlight diverse business news across cities, including a 15-year-old Kailua ramen restaurant closing, population growth fueled by immigration, companies cutting pay raises, a new Seattle lab building, and Intel's new CEO.
Three men linked to fraudulent activities involving servers with Nvidia AI chips were offered bail totaling up to $1 million. The case involves false representations about server destinations and unauthorized access to bank accounts, with investigations ongoing into potential US export control violations.
Super Micro Computer's stock surged over 10% after announcing a new Intel Xeon 6 chip for servers, boosting performance in AI and edge computing. Analysts predict significant growth potential, with one forecasting the stock could reach $60 by 2025 due to its leadership in green computing and liquid cooling technology.
Super Micro Computer's stock is surging today due to positive market momentum, a new cybersecurity partnership with Exein, and reports of potential collaboration between Nvidia and other semiconductor leaders to acquire Intel's chip foundry. This could reduce geopolitical risks for the industry.
Super Micro Computer's stock surged over 10% after announcing a new Intel Xeon chip for servers, boosting performance for AI workloads. Analysts predict significant upside, with one forecasting a $60 target by 2025, citing the company's green computing expertise and liquid cooling advantages.
M&T Bank Corp acquired 18,855 shares of Super Micro Computer, increasing its holdings by 703.3% during the 4th quarter, worth $656,000. Other institutional investors also boosted their positions in the company.
Analysts predict a 43% gain for Super Micro stock, driven by AI demand, though risks remain due to reliance on major customers. The stock has already surged nearly 40% this year.
Analysts predict Super Micro Computer stock could rise another 43% due to strong AI-driven demand for its servers and storage systems. However, risks remain from heavy reliance on a few key customers.
Super Micro Computer (SMCI) shares rose after unveiling new Intel Xeon 6-powered servers with 40% more memory and up to 144 CPU cores, designed for enhanced AI performance at the edge.
The article advises investors during market corrections to avoid panic selling, hold stocks with strong fundamentals, diversify into defensive sectors like consumer staples, consider alternative investments such as bonds, and maintain a watchlist for attractive opportunities.
Analyst Kevin Cassidy upgraded SMCI stock to 'Buy' with a $60 price target, citing accelerating AI revenues and compliance recovery, offering a 45% upside potential.
U.S. Commerce Secretary says Trump's steel and aluminum tariffs will continue until domestic production is strengthened. Canada and Europe plan retaliatory measures in response.
Super Micro Computer (SMCI) is poised for growth driven by strong demand in AI and cloud computing. Despite margin pressures, the company's expansion efforts and analyst forecasts suggest significant potential, with a projected price target of $138.61 by 2030.
Super Micro Computer (SMCI) received "buy" rating and $60 price target from Rosenblatt Securities. The stock has seen mixed analyst upgrades and downgrades, with a consensus "Hold" rating and $52.57 price target.
Supermicro introduced compact servers optimized for edge AI, featuring Intel Xeon processors for enhanced performance and efficiency in real-time data processing. These systems aim to support industries like telecom, media, and manufacturing with advanced AI capabilities.