Super Micro Computer (NASDAQ: SMCI), a prominent retailer of servers and liquid-cooled AI racks, has seen its share price plummet by ~30 percent over the past month, largely in affinity with its major customer, NVIDIA. Yet, JP Morgan believes there is cause for optimism, just not as much as that around SMCI’s major competitor, Dell. JPMORGAN UPGRADES $SMCI TO NEUTRAL FROM UNDERWEIGHT, SAYS “CYCLED PAST THE UNCERTAINTY IN RELATION TO PENDING SEC FILINGS,” RAISES PT TO $45 FROM $35 Analyst comments: “We are upgrading shares of Super Micro as the company has cycled past the uncertainty in relation to pending… […]
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