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Wednesday's analyst calls: Super Micro Computer earnings reaction, AMD a top pick

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Investment Strategy Nouvelles

Stock Markets,Advanced Micro Devices Inc,Super Micro Computer Inc

Two names tied to the artificial intelligence trade were among the stocks being talked about by analysts on Wednesday.

Analysts gave their assessment of the latest Super Micro Computer quarterly results. Meanwhile, Piper Sandler reiterated Advanced Micro Devices as a top pick, citing market share gains. Check out the latest calls and chatter below. All times ET. 6:08 a.m.: BTIG upgrades TrueCar, cites 'compelling entry point' BTIG is turning more bullish on TrueCar , upgrading shares to a buy rating following the recent sell-off.

mountain TRUE 5-day chart Underpinning the upgrade is a bet on an improving dealer environment and the company's + program, which Fong noted is the "first, fully-digital transaction engine offered by an automotive marketplace." He also established a $3.75 price target, implying 38% upside from Tuesday's close.

 

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