Super micro stock price is trending higher after Morgan
Super Micro stock price is trending higher after Morgan Stanley upgraded the stock to “Overweight.” Valuation models now imply a fair value zone between $955 and $980, factoring in projected server shipments. Shares of SMCI have gained 50.4% year to date compared with the Zacks Computer- Storage Devices industry’s growth of 36.5%. Next on our list is Super Micro Computer, a true AI hardware company. Super Micro was founded in 1993, and today is one of the world’s major producers of advanced, high-speed, high-performance computer systems and high-efficiency computer servers. This is exactly the kind of hardware that forms the backbone of AI data centers and cloud computing providers. Super Micro is also well known as a producer of enterprise-scale server stacks, GPU systems, and solid-state memory solutions. In short, this company designs and builds the hardware that makes AI possible. Super Micro stock price has surged nearly 12% over the past month, outpacing the Nasdaq by a wide margin. Financial models suggest a 7% upside potential in Q3 if revenue growth from enterprise cloud clients remains steady.
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