2024-06-20 09:00:00 ET
Summary
- Super Micro exhibits strong bullish momentum with recent volume stabilization, poised to capitalize on the growing server and data center market.
- SMCI's stock price experienced volatility in 2024 but is projected to reach $1,405 by year-end, supported by bullish momentum and RSI indicators.
- Super Micro Computer's revenue has surged 200% due to increasing demand for AI rack-scale systems and liquid cooling solutions in data centers.
- SMCI targets the expanding server and data center market, with a projected CAGR of 30% by 2033.
Investment Thesis
Super Micro Computer ( SMCI ) exhibits strong bullish momentum. Recent stabilization in its volume indicates a healthy consolidation phase and a continuing upward trajectory. The company is poised to capitalize on the rapidly expanding server and data center market, which is projected to grow to $430 billion by 2033....
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Super Micro's Unseen Edge