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Super Micro Computer has soared 764% over the past year, and JPMorgan thinks there’s more upside.
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The bank said Super Micro Computer is disrupting the traditional server market via its AI server stack.
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“We expect the leadership to continue, led by a balance of custom built solutions and fast time to market,” the firm said.
The sharp rise in Super Micro Computer stock over the past year is not going to slow down anytime soon, according to JPMorgan.
The bank initiated Super Micro Computer stock with an “Overweight” rating and a $1,150 price target on Monday, representing potential upside of 18% from Friday’s close. Shares jumped about 6% on Monday following the bullish initiation report from JPMorgan.
“Super Micro is the leading company in the AI compute market, which is burgeoning with demand stemming from training AI models, Retrieval-Augmented Generation by…
