Super Micro Computer Inc (NASDAQ: SMCI) has been among the main beneficiaries of the artificial intelligence (AI) market explosion.
The San Jose, California-based company is likely to generate strong revenue growth over the next several years, “driven by AI related demand,” according to BofA Securities.
The Super Micro Computer Analyst: BofA Securities analyst Ruplu Bhattacharya initiated coverage of Super Micro Computer with a Buy rating and a price target of $1,040.
The Super Micro Computer Thesis: The company is growing its backlog and expanding its capacity to ...