US EditionSMCI Holds Strong: 2% Premarket Jump Despite JPMorgan’s Caution - Wall Street Pit
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SMCI Holds Strong: 2% Premarket Jump Despite JPMorgan’s Caution - Wall Street Pit
Super Micro Computer (SMCI) stock rose nearly 2% in premarket trading despite JPMorgan (JPM) lowering its price target to $39 from $45, maintaining a 'Neutral' rating due to a projected macro slowdown from tariff-related uncertainty. JPMorgan’s revised models anticipate reduced demand across consumer, enterprise, and telecom verticals, though SMCI’s resilience…
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