SMCI downgraded to Hold by Aletheia Capital eyeing valuation, limited earnings revision

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Super Micro Computer (NASDAQ:SMCI) Monday was downgraded to Hold from Buy by Aletheia Capital, which further tweaked its price target to $650.

“We remain optimistic about the long-term AI opportunities. However, given the recent surge in share prices across the board, we have become more selective and are making changes to our stock selection and ratings,” said analyst Skye Chen.

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