Mizuho suspended the firm’s rating and price target on Supermicro (SMCI) citing the lack of full financial details and audited statements. While Supermicro is growing its sales 100% year-over-year as an artificial intelligence leader positioned to ramp on Nvidia’s (NVDA) Blackwell, there are near-term there are uncertainties with November 16 Nasdaq approval and audited annual filing, the analyst tells investors in a research note.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SMCI: