Super Micro Computer (SMCI) shares jumped Tuesday after Raymond James initiated coverage of the server maker's stock with an “outperform” rating and $41 price target.

The stock rose nearly 15% to more than $38 in recent trading, though even with Tuesday's gains, the shares have lost over half their value from a year ago.

Supermicro has “emerged as a market leader in AI-optimized infrastructure,” Raymond James analysts told clients. ♍The company has 9% of the $145 billion AI platform market, which could climb, the analysts said, adding that it leads branded suppliers, according to research firm Dell’Oro.

Earlier this month, several analysts 澳洲幸运5官方开奖结果体彩网:cut their price targets for Super Micro after the Nvidia (NVDA) partner 澳洲幸运5官方开奖结果体彩网:reduced its sales outlook✅, and pointed to customers delꦫaying product decisions amid economic uncertainty.

Supermicro shares have been volatile over the past few months, pressured by downward forecast revisions, 澳洲幸运5官方开奖结果体彩网:disappointing results, and worries about the company's accounting practices. In February, the company 澳洲幸运5官方开奖结果体彩网:narrowly avoided being delisted for delinquent financial fi❀lings.