Diamond Member Pelican Press 0 Posted March 13 Diamond Member Share Posted March 13 Bank of America says keep buying this server maker with a relationship with Nvidia Super Micro Computer has more room to run given its competitive advantage and relationships in the artificial intelligence sector, Bank of America said. Analyst Ruplu Bhattacharya hiked his price target by $240 to $1,280, now implying upside of 10.1% from Tuesday’s close. Bhattacharya also reiterated his buy rating. There are several unique capabilities that give Super Micro an edge, Bhattacharya said, including its building block architecture that can get new technology to customers quickly. Another plus: Super Micro’s connection with AI darling Nvidia , as well as other well-known chipmakers including Intel and AMD . “SMCI’s competitive advantages include building block architecture which helps to quickly incorporate new technology and reduce time to market, relationship with leading AI CPU/GPU/ASIC providers including Intel, Nvidia, and AMD, and its ability to customize configurations to specific customer applications and its liquid cooling offerings,” he told clients. Bhattacharya’s call comes amid rising expectations for growth in the broader AI server industry as the technological craze continues. He now said the industry should grow from $39 billion to around $200 billion between 2023 and 2027. Super Micro’s revenue growth should also remain strong, Bhattacharya said. That will be driven by server demand as clients want access to AI, high-performance computing, big data analytics and computer-intensive graphics, among other things. SMCI YTD mountain Super Micro Computer, year to date The analyst’s new target price also offers reassurance that the stock’s rally isn’t losing steam. Super Micro shares have already surged more than 300% this year as the AI craze continues, adding to 2023′s jump of more than 240%. This is the hidden content, please Sign In or Sign Up Advanced Micro Devices Inc,Intel Corp,NVIDIA Corp,Super Micro Computer Inc,Stock markets,Investment strategy,business news #Bank #America #buying #server #maker #relationship #Nvidia This is the hidden content, please Sign In or Sign Up Link to comment https://hopzone.eu/forums/topic/2402-bank-of-america-says-keep-buying-this-server-maker-with-a-relationship-with-nvidia/ Share on other sites More sharing options...
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