Wedbush maintains its neutral rating on Super Micro Computer, Inc. (SMCI) and sees minimal risk of delisting based on the special committee’s findings

We recently compiled a list of the 12 trending AI stocks on the latest news and reviews. In this article, we’ll take a look at where Super Micro Computer, Inc. (NASDAQ:SMCI) stands compared to the other trending AI stocks.

AI companies in Europe are competing with American counterparts for a bigger piece of the AI ​​pie in Asia and the Middle East. For example, French AI company LightOn recently announced plans to expand in the Middle East, targeting sectors such as banking, defense and high-tech, whose data needs to be protected on local servers. According to a report by Reuters news agency, Laurent Daudet, the company’s CEO, noted that banking, insurance, high-tech, defense and healthcare are the main targets for LightOn’s tailored AI models.

For more information on these developments, see The 10 Best AI Data Center Stocks And 10 Booming AI Stocks According to Goldman Sachs.

The report also highlights that Saudi Arabia, the United Arab Emirates and neighboring countries were among the countries examined by LightOn. The AI ​​companies recently went public and are the first listed GenAI company on the Euronext Growth stock exchange. The demand for LightOn products is growing. According to Orange AI boss Steve Jarrett, customers want a trustworthy French AI solution.

For more information on these developments, see 30 The most important AI stocks according to BlackRock And Beyond the Tech Giants: 35 Non-Tech AI Opportunities.

For this article, we selected AI stocks by reviewing news articles, stock analysis and press releases. These stocks are also popular with hedge funds. Why do we care about the stocks hedge funds invest in? The reason is simple: Our research shows that we can outperform the market by mimicking the top stock picks of the best hedge funds. Our quarterly newsletter strategy selects 14 small-cap and large-cap stocks each quarter and has returned 275% since May 2014, outperforming the benchmark by 150 percentage points (More details can be found here).

A team of technicians in a server room testing and managing the latest server solutions.

Number of hedge fund owners: 33

Super Micro Computer, Inc. (NASDAQ:SMCI) develops and produces high-performance server and storage solutions based on a modular and open architecture. As of December 3, Wedbush maintained a Neutral rating on the stock with a $24 price target. In an investor note, the report emphasized that the results of Supermicro’s special committee were overall positive for the company. Wedbush understands that Supermicro’s new auditor, BDO, was aware of the findings and the proposed resolution and agrees with the proposed course of action. Assuming that’s the case and the financials don’t change, there should be no barrier to Supermicro eventually filing its late financials under a typical Nasdaq extension, the advisory firm told investors in a research note. Therefore, Wedbush believes that the risk of delisting appears to have been minimized.

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