Posted 2/26/2024, 5:47:36 PM
Super Micro Soars Over 760% as AI Server Demand Fuels Growth
- Super Micro Computer (SMCI) stock has climbed over 760% in the past year, greatly outperforming Nvidia
- SMCI collaborates with Nvidia to supply specialized servers optimized for AI workloads
- Analyst expects SMCI growth to continue fueled by strategic relationship with Nvidia and AMD, as well as expanding orders from top hyperscale clients
- SMCI is an early provider of liquid cooling solutions for data centers, a potential $80B market opportunity
- Analyst Wang rates SMCI an Overweight with $961 price target, seeing 9% upside for the stock