** Super microcomputerSMCIThe stock price rose 3% in early trading on Friday to $1,034, rising for the 10th consecutive trading day.

** Share price hits record high, soaring more than 250% this year

** Wells Fargo, with an "equal weight" rating, says AI momentum will continue, but upside may already be priced in

** Wells Fargo sets price target at $960

** The day before the analyst action, BofA Global Research (link) initiated coverage on the company with a "buy" rating and a price target of $1,040.

** According to BofA, SMCI is NVIDIANVDA、AMD AMDand IntelINTCAn early partner in the CPU and GPU accelerator space, SMCI believes SMCI will benefit from "artificial intelligence-driven demand growth."

** Meanwhile, SMCI’s parabolic rise over the past month has signaled that its stock is in extreme overbought territory (link), with the daily relative strength index (RSI) at around 96

** SMCI's current market capitalization is approximately $56 billion, according to the London Stock Exchange.