Super Micro Computer Stock Soars 1000% as AI Server Demand Fuels Growth

• Super Micro Computer (SMCI) stock has surged over 1000% in the past year, significantly outperforming Nvidia • SMCI is benefitting from strong growth in the AI server market and its ability to customize server designs • Bank of America analyst maintains Buy rating and raises price target from $1,040 to $1,280 based on continued market share gains • Sees total addressable market for AI servers growing from $39B in 2023 to $200B in 2027, fueling SMCI growth • Consensus rating among analysts is a Moderate Buy, although some think shares have overshot current valuation