Stock splits tend to generate a lot of buzz among investors, and Supermicro is no different. Furthermore, the company's robust performance over the past couple of years has fueled an eye-popping surge in the share price, as the stock has gained 433% since early last year (as of this writing).

Super Micro Computer stock has plenty more upside ahead, according to a Needham analyst who expects investors to buy up shares of the server maker, which he thinks will be a successful AI play. Quinn Bolton initiated coverage of Super Micro with a Buy rating and a $600 price target,

Super Micro's first-mover advantage could make it a significant beneficiary to growing AI investments, Needham says. Here's what investors need to know.

Following a terrific start to the year, Super Micro Computer 's ( SMCI 4.59%) stock chart has undergone a stark reversal over the past six months. It has lost close to 60% of its value from its peak, and recent developments seem to have further dented investor confidence in the company.

Dell Technologies stock was climbing on Tuesday after a Mizuho analyst initiated coverage of the shares with an Outperform rating and said the maker of PCs and other hardware has some unique advantages.

Super Micro Computer, Inc.'s stock has fallen due to a delayed 10-K filing and a short report. Click for my reasons for thinking SMCI stock now presents opportunity.

Supermicro also announced it would be late filing its end-of-year Form 10-K to the Securities and Exchange Commission (SEC) due to management's assessment of internal controls over financial reporting. This announcement came nearly at the same time as famed short-seller Hindenburg Research announced its short position in the company.

Super Micro Computer (SMCI) received a significant vote of confidence today as Needham initiated coverage with a price target of $600 and a “Buy” rating. Currently trading below $450, the company is positioned for substantial growth,