Super Micro Computer (SMCI) shares closed at a new record high Wednesday amid growing optimism about the comp⛄any's prospects for growth tied to booming demand for products and serv🍨ices tied to artificial intelligence.

The stock, which has𓆉 quadrupled since the start of the year, gained 3.1% to finish the session at $1,124.70.

"Super Micro is a leading computer and server provider for the age of 澳洲幸运5开奖号码历史查询:generative AI," Argus Research analysts wrote Wednesday, noting that "although SMCI has had huge gains in the past year, the company is primed for multiple years of strong top-line growth, margin expansion, and EPS acceleration."

The firm gave the stock a "buy" rating and set its 12-month 澳洲幸运5开奖号码历史查询:price target at $1,350.

"Super Micro is emerging as a go-to provider for data center implementation of GPU Computing infrastructure used in training 澳洲幸运5开奖号码历史查询:large language models (LLMs), inference, deep learning, and other elements that enable generative AI applications," the Argus analysts noted. "Repeating the pattern of Apple (AAPL), Amazon (AMZN), and most recently Nvidia (NVDA), Supe🌌r Micro's revenues are growing much more rapidly than its costs, creating an environment for meaningful earnings 💫growth," analysts added.

Super Micro Computer, 澳洲幸运5开奖号码历史查询:which will j🍷oꦑin the S&P 500 this month, is partnered with semiconductor companies including Nvidia and Advanced Micro Devices (AMD), which could mean the company is well positioned within the 澳洲幸运5开奖号码历史查询:ecosystem powering AI leaders.