SMCI - AI Tailwinds Boost Super Micro Computer Analyst's Bull Case: 'Expect Strong Revenue Growth' | Benzinga
Shares of Super Micro Computer Inc (NASDAQ: SMCI) have rallied over the past month, gaining close to 50%, amid the AI-chip boom.
The company appears well-positioned to benefit from the expanding artificial intelligence (AI) server market and is growing its capacity to support strong demand and revenue growth, according to BofA Securities.
The Super Micro Computer Analyst: Ruplu Bhattacharya reiterated a Buy rating for Super Micro Computer, while raising the price target from $1,040 to $1,280.
The Super Micro Computer Thesis: The AI server market is expected to grow from around $39 billion in 2023 to around $200 billion in ...