![](https://www.newspostalk.com/wp-content/uploads/https://image.cnbcfm.com/api/v1/image/107387164-17103598262024-03-04t114814z_1570005617_rc2s81a7obve_rtrmadp_0_super-micro-stocks.jpeg?v=1710852574&w=1920&h=1080)
![](https://www.newspostalk.com/wp-content/uploads/https://image.cnbcfm.com/api/v1/image/107387164-17103598262024-03-04t114814z_1570005617_rc2s81a7obve_rtrmadp_0_super-micro-stocks.jpeg?v=1710852574&w=1920&h=1080)
[ad_1]
Super Micro Computer’s red-hot run should continue as it powers the artificial intelligence revolution sweeping Wall Street, according to JPMorgan. Analyst Samik Chatterjee initiated coverage of Super Micro Computer with an overweight rating as the company leads the AI compute market “still in its infancy.” Compute, or compute power, often refers to the hardware and software such as chips necessary in building AI models. SMCI 1Y mountain Super Micro shares over the last year “We expect the leadership to continue, led by a balance of custom built solutions and fast time to market, although potential upside is more likely from rapid expansion in the AI Server market rather than expansion of the already premium valuation multiple,” he wrote in a Monday note. The firm expects large hyperscalers and cloud service providers to continue ramping up demand for training and inferencing language models, benefitting Super Micro over the long-haul. Inference refers to the using the model to make predictions and computations. Fueled by excitement for all things AI, Super Micro’s already rallied 242% this year and 778% over the last year, and JPMorgan sees more upside in store. Chatterjee placed a $1,150 price target on the maker of server and storage systems, which implies about 18% upside from Friday’s close. Supporting the target and a next-twelve months EPS multiple of 36 times is an expectation for rapid growth and earnings upside within the AI server market. SMCI YTD mountain Super Micro shares year to date Driving ongoing upside is an expectation for rapid growth in the server market. Chatterjee forecasts 43% revenue growth at a compounded annual growth rate between 2023 and 2027. This suggests that Super Micro will conservatively gain 10% to 15% of the AI server market. “Super Micro has essentially similar exposures to hyperscale data center and enterprise customers, key demand drivers of AI related compute deployments, setting it up for strong revenue growth,” he wrote.
[ad_2]
Source link
Batman138 Bro138 Dolar138 Gas138 Gudang138 Hoki99 Ligaciputra Panen77 Zeus138 Kilat77 Planet88 Gaspol168 Sikat88 Rupiah138 Garuda138 Gacor77 Roma77 Sensa138 Panen138 Slot138 Gaco88 Elanggame Candy99 Cair77 Max7 Best188 Space77 Sky77 Luxury777 Maxwin138 Bosswin168 Cocol88 Slot5000 Babe138 Luxury138 Jet77 Bonanza138 Bos88 Aquaslot Taktik88 Lord88 Indobet Slot69 Paus138 Tiktok88 Panengg Bingo4d Stars77 77dragon Warung168 Receh88 Online138 Tambang88 Asia77 Klik4d Bdslot88 Gajah138 Bigwin138 Markas138 Yuk69 Emas168 Key4d Harta138 Gopek178 Imbaslot Imbajp Deluna4d Luxury333 Pentaslot Luxury111 Cair77 Gboslot Pandora188 Olxtoto Slotvip Eslot Kuy138 Imbagacor Bimabet