re: Super Micro Computer - SMCI - finally had a day

quote:

---

$932 pre market. Beyond insanity.

---

quote:

---

PATRICK SEITZ
09:52 AM ET 02/15/2024
Data center specialist Super Micro Computer (SMCI) rounded up another bull on Thursday, as BofA Securities initiated coverage of SMCI stock with a buy rating and 1,040 price target.

---

quote:

---

"We think this provider of server and storage solutions will be a beneficiary of AI-driven demand growth (over 50% of revenues now tied to accelerators like GPUs)," BofA analyst Ruplu Bhattacharya said in a client note. "We believe the market for AI servers is much larger than is factored in Street models."

Bhattacharya says the market for AI servers is forecast to grow at a 50% annual clip over the next three years. Supermicro is poised to take market share in the segment, he said.

---