Super Micro Computer (SMCI): Hyperscaler Data Center Spending Is Robust, Says Citi
Super Micro Computer, Inc. (NASDAQ:SMCI) is one of the Best Long-Term Tech Stocks to Buy According to Analysts. On January 20, Citi reduced its price objective on the company’s stock to 48, while keeping a “Neutral” rating, as reported by The Fly. Notably, the firm adjusted its targets for the broader technology hardware group in line with the 2026 outlook. Furthermore, it opines that hyperscaler data center spending remains strong, fuelling demand for power, storage, connectors, and fiber. Citi ...