10 AI Stocks Making Headlines This Week

8. Super Micro Computer, Inc. (NASDAQ:SMCI)

Number of Hedge Fund Holders: 48

Super Micro Computer, Inc. (NASDAQ:SMCI) is one of the 10 AI Stocks Making Headlines This Week. On September 16, Bernstein SocGen Group initiated coverage on the stock at Market Perform with a price target of $46.00.

According to the firm, the company has been “one of the stand-out growth stories,” boasting impressive revenue growth over the last twelve months.

At the same time, it pointed out concerns related to decelerating growth and aggressive guidance from the company. There are also “cash conversion challenges” making the business “more expensive than it looks” despite growth.

The firm has cited “execution challenges and valuation concerns” for both HP Enterprise and Super Micro Computer.

Super Micro Computer, Inc. (NASDAQ:SMCI) designs and manufactures high-performance server and storage solutions for data centers, cloud computing, AI, and edge computing worldwide.