Super Micro Computer shares are likely to remain in the spotlight this week after gaining more than 4% on Friday and ahead of a stock split that takes effect next week. Monitor these crucial chart levels.

Super Micro Computer (SMCI) stock price has suffered a harsh reversal in the past few months as concerns about artificial intelligence (AI) and its business have emerged. It retreated to a low of $457 on Monday,

Stock splits tend to generate a lot of buzz among investors, and Supermicro is no different. Furthermore, the company's robust performance over the past couple of years has fueled an eye-popping surge in the share price, as the stock has gained 433% since early last year (as of this writing).

Super Micro Computer stock has plenty more upside ahead, according to a Needham analyst who expects investors to buy up shares of the server maker, which he thinks will be a successful AI play. Quinn Bolton initiated coverage of Super Micro with a Buy rating and a $600 price target,

Super Micro's first-mover advantage could make it a significant beneficiary to growing AI investments, Needham says. Here's what investors need to know.

Following a terrific start to the year, Super Micro Computer 's ( SMCI 4.59%) stock chart has undergone a stark reversal over the past six months. It has lost close to 60% of its value from its peak, and recent developments seem to have further dented investor confidence in the company.

Shares of Super Micro Computer have surged since the company's IPO, and the stock's forecast should catch investors' attention.

Supermicro also announced it would be late filing its end-of-year Form 10-K to the Securities and Exchange Commission (SEC) due to management's assessment of internal controls over financial reporting. This announcement came nearly at the same time as famed short-seller Hindenburg Research announced its short position in the company.