Core Viewpoint - Goldman Sachs downgraded the stock rating of Super Micro Computer (SMCI.US) to "Sell" due to declining profit margins potentially offsetting the strong demand growth for AI servers [1] Group 1: Stock Rating and Price Target - Goldman Sachs analysts lowered the 12-month price target for Super Micro Computer from $34 to $26 per share [1] - The earnings per share forecast from Goldman Sachs is 10% lower than the market consensus [2] Group 2: Profit Margin Concerns - Super Micro Computer's profit margin has significantly decreased over the past three years, now standing at 9.5% [1] - There is a warning that even if revenue growth remains strong, profit margins may continue to decline [2] Group 3: Market Position and Structural Challenges - Super Micro Computer maintains a leading position in the AI server market, particularly in the secondary cloud services segment [1] - The company faces structural pressures due to high supplier concentration, with one supplier accounting for 64% of its procurement [1] Group 4: Expansion Strategy and Software Revenue - Concerns were raised regarding the feasibility of Super Micro Computer's expansion strategy through its Data Center Building Blocks platform [1] - The software business currently contributes less than 2% to Super Micro Computer's overall revenue, and its sales team is significantly smaller compared to competitors [1]

智通财经APP获悉，高盛重新开始覆盖IT硬件与分销领域的多家公司。具体来看，该行予戴尔科技 (DELL.US)、慧与科技(HPE.US)、新聚思(SNX.US)、Penguin Solutions(PENG.US)"买入"评级，其中慧 与科技的目标价为31美元;予惠普(HPQ.US)、超微电脑(SMCI.US)"卖出"评级，目标价分别为21美元和26 美元;予英迈科技(INGM.US)"中性"评级——此前评级为"买入";首予美国网存(NTAP.US)"买入"评级，目 标价为128美元。 在个人电脑方面，分析师预计2026年的个人电脑需求将弱于市场目前的预期，原因是更新换代推动力减 弱以及价格上涨。分析师预计，投入成本上升对利润率和需求的影响将成为2026年的一个关键议题，尽 管现在评估价格上涨对需求弹性的影响还为时过早，但他们认为有机会选择性投资于那些运营模式和业 务结构更能应对这些阻力的公司。 分析师表示，IT硬件与分销行业在经历了2025年的平淡回报后(涨幅仅为4%，而标普500指数涨幅为 16%)，预计2026年的背景仍将波动，因为该行业将应对人工智能市场热情的起伏、对投入成本上升(例 如DRAM/NA ...

Core Viewpoint - Super Micro Computer's shares declined over 5% after Goldman Sachs initiated coverage with a Sell rating and a $26 price target, reflecting a significant reduction in valuation from a previous implied $34 target [1]. Group 1: Company Valuation and Market Position - Goldman Sachs set a valuation based on 9x next-twelve-month-plus-one-year earnings, down from a prior valuation of 11x [1]. - The firm recognized Super Micro's leadership in the AI server market, especially among tier-two cloud and neocloud customers [1]. Group 2: Profitability Risks - Profitability risks are high as Super Micro engages in margin-dilutive large-scale deals and faces increasing competition from original equipment manufacturers and original design manufacturers [2]. - The company is heavily investing in expanding its enterprise and sovereign go-to-market capabilities, which may further impact margins [2]. Group 3: Future Earnings Outlook - Consensus estimates already account for some margin pressure, but Goldman Sachs indicated that further downside to profitability could limit visibility into the company's future earnings profile [3].

Super Micro Computer, Inc. (NASDAQ:SMCI) is trading lower Tuesday. But there is a chance the recent selloff may be over. As you can see on the chart, it has reached a level that has been a support before.Super Micro is our Stock of the Day. Shares can reverse and rally after dropping to support and that could happen here.In January 2025, it trended lower until it reached levels around $27.75. When this happened, the selling ended and Super Micro traded higher.Stocks can rally off support levels because of i ...

Investor scrutiny around Super Micro Computer, Inc. (NASDAQ:SMCI) is intensifying as Wall Street weighs the company’s strong positioning in AI servers against mounting concerns over margins, competition, and long-term profitability.Goldman Sachs Initiates Coverage With Sell RatingGoldman Sachs analyst Katherine Murphy assumed coverage of Super Micro on Tuesday, assigning a Sell rating and a price forecast of $26 per share. Goldman acknowledged that Super Micro is well-positioned for large AI infrastructure ...

Super Micro Computer Inc (NASDAQ: SMCI) has been a volatile ride for investors in the trailing 12 months, but a Goldman Sachs analyst warns that downside momentum is set to continue in 2026. ...

Super Micro Computer Inc (NASDAQ:SMCI) shares are down 5.6% to trade at $28.44 at last glance, after Goldman Sachs initiated coverage with a "sell" rating and $26 price target, down from $34. The analyst in coverage noted the tech company's margins may see additional downside.Coming into today, eight of 19 analysts in question still called the equity a "hold" or worse, while the 12-month consensus target price of $45.32 is a 60.4% premium to current levels. This means there is plenty of room for downgrades ...

Core Viewpoint - Super Micro Computer Inc. (NASDAQ: SMCI) is viewed positively by bullish supporters who believe it can navigate global trade challenges and is positioned as a leading artificial intelligence (AI) stock for the future [1] Group 1 - The company has strong backing from investors who are optimistic about its resilience against global trade issues [1] - There is a belief among supporters that Super Micro Computer Inc. may emerge as one of the top AI stocks moving forward [1]

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Key Takeaways SMCI stock fell 44.9% in three months, lagging its industry, and now trades at a lower forward P/E.SMCI faces nine quarters of margin contraction, negative $950M free cash flow and rising inventory.SMCI targets AI-led growth via servers and DCBBS, with over 20% margins and a $36B revenue goal.Super Micro Computer (SMCI) shares have plunged 44.9% in the past three months, underperforming the Zacks Computer- Storage Devices industry and the Zacks Computer and Technology sector’s appreciation of ...