/biz/ - Business & Finance

Anonymous Thu Feb 15 20:36:03 2024 No.57620891 [View]
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>>57620865
>12:30 PM EST, 02/15/2024 (MT Newswires) -- Super Micro Computer (SMCI) is poised to deliver "strong revenue growth over the next several years," with artificial intelligence driving demand growth for server and storage solutions, BofA Securities said in a Thursday note as it initiated coverage on the company.

>"Super Micro has a growing backlog and is expanding capacity to support strong revenue growth," the investment firm said. While the company's business is an "intensely competitive market," BofA Securities noted that Super Micro Computer's continued revenue growth is expected to drive market share gain.

>The company has become an established early launch partner for tech majors Intel (INTC), Nvidia (NVDA), and Advanced Micro Devices (AMD) for GPU accelerators and central processing units, BofA Securities added.

>BofA Securities gave Super Micro Computer a buy rating and a price target of $1,040.

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/biz/ - Business & Finance

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