Posted 3/25/2024, 2:31:00 PM
Super Micro Soars 764% as AI Server Demand Fuels Growth, JPMorgan Sees 18% More Upside
- Super Micro Computer stock has soared 764% in the past year and JPMorgan sees another 18% upside
- The company is disrupting the server market with its AI server stacks
- JPMorgan expects Super Micro's dominance to continue due to custom solutions and fast time to market
- Revenue is forecasted to grow at a 43% annual rate through 2027 based on AI server market growth
- JPMorgan believes investors should own Super Micro given the rapid expansion of the AI server market