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

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Wednesday's analyst calls: Super Micro Computer earnings reaction, AMD a top pick
Stock MarketsAdvanced Micro Devices IncSuper Micro Computer Inc

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

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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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