Super Micro’s stock is a clear ‘AI winner,’ but here’s why Goldman is cautious

Super Micro Computer Inc. is a proven “AI winner” according to Goldman Sachs analyst Michael Ng, but that doesn’t necessarily mean you should buy the stock.With the shares up nearly 1,000% since the start of 2023, they’re “fairly valued,” in Ng’s view. He initiated coverage of Super Micro’s stock SMCI, +26.62%with a neutral rating and $941 target price Monday, writing of its “premium valuation” after that big run higher. Super Micro has