In December 2022, $SUPER MICRO COMPUTER INC(SMCI)$ joined the S&P MidCap 400 index and will officially be a part of the $S&P 500(.SPX)$ in March 2024. Thanks to the soaring demand for AI computing products, this new AI stock has skyrocketed over 1700% in the past two years.But you might not believe it, SMCI is still undervalued! And Wall Street analysts are giving it a "buy" rating, with a target price of $965, representing a 26% higher than its current share price of $762.Expanding AI server market The company develops accelerated computing platforms, integrating the latest chips, memory, and storage solutions from vendors like $Advanced Micro Devices(AMD)$</