Expanded Manufacturing Footprint is Targeted to Bring Global Liquid-Cooled Rack Capacity to More than Double Today's 1,000 AI SuperClusters Shipped Per Month SAN JOSE, Calif., June 17, 2024 /PRNewswire/ -- Supermicro, Inc. (NASDAQ: SMCI), a Total IT Solution Provider for AI, Cloud, Storage, and 5G/Edge, continues to expand in Silicon Valley with new campuses as the demand for liquid-cooled data center increases. The new facilities will be part of the new liquid-cooled ecosystem, reducing the time needed to ...

But now, Supermicro stock seems to be gaining momentum once again as it rose more than 12% on June 13. This surge was driven by the latest earnings reports from major artificial intelligence (AI) players such as Broadcom and Oracle. While Broadcom raised its forecast for AI chip sales for the current fiscal year, Oracle pointed out that it is building more cloud computing capacity to cater to the massive demand it's seeing. Shares of Super Micro Computer (SMCI 5.08%) have gone on a roller coaster ride so fa ...

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Super Micro Computer believes a significant shift will happen to the AI server market within the next year. *Stock prices used were the after-market prices of June 13, 2024. The video was published on June 13, 2024. In today's video, I discuss recent updates impacting Super Micro Computer (SMCI -1.01%). Check out the short video to learn more, consider subscribing, and click the special offer link below. ...

Never ignore the power of momentum. Sometimes the fastest-moving objects are the ones that keep on racing ahead. 1. Summit Therapeutics Many investors had seemingly thrown in the towel on Summit. Before the stock took off, it was down 55% year to date. What happened to turn things around? The company reported surprisingly good results for its lead pipeline candidate. In this study, which was conducted in China, patients receiving the ivonescimab/chemo combo achieved "statistically significant and clinically ...

Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. ...

With the tailwind of operating and financial momentum expected to continue, could Super Micro Computer be ready to power up again? I believe so, and here's why. By this measure, the company is benefiting from the explosive growth in complex data processing needs. Supermicro is recognized as building Nvidia-certified GPU server systems, including those that incorporate the newest Blackwell superchips and the B200 Tensor Core GPUs. Supermicro is moving forward with expanding manufacturing capabilities across ...

It's worth noting that SMCI joined the S&P 500 back in March of this year. Analysts have taken note of its favorable stance, raising earnings expectations and pushing the stock into a favorable Zacks Rank #2 (Buy). Analysts have been notably bullish, raising their earnings expectations across the board. Strong quarterly results have kept optimism afloat, with the current $23.51 Zacks Consensus EPS estimate for its current fiscal year suggesting 100% year-over-year growth. Gross Margin TTM - NVIDIA CORP 76.0 ...

Brokerage Recommendations and Their Impact - Brokerage recommendations often influence stock prices, but their alignment with retail investors' interests is questionable [1] - Studies show brokerage recommendations have limited success in guiding investors toward stocks with high price appreciation potential [3] - Brokerage analysts tend to be overly optimistic, with a strong positive bias in their ratings [6][8] - For every "Strong Sell" recommendation, brokerage firms assign five "Strong Buy" recommendations [8] Super Micro Computer (SMCI) Analysis - SMCI has an average brokerage recommendation (ABR) of 1.92, approximating between Strong Buy and Buy, based on 13 brokerage firms' recommendations [12] - Of the 13 recommendations, eight are Strong Buy, representing 61.5% of all recommendations [17] - The Zacks Consensus Estimate for SMCI's current year earnings has remained unchanged at $23.51 over the past month [14] - SMCI holds a Zacks Rank 3 (Hold), influenced by recent changes in consensus estimates and other earnings-related factors [7] ABR vs Zacks Rank - ABR is calculated based on brokerage recommendations and displayed with decimals, while Zacks Rank is a quantitative model based on earnings estimate revisions and displayed in whole numbers [11][13] - Zacks Rank is more timely and effective in indicating future price movements due to its reliance on updated earnings estimate revisions [16] - Zacks Rank maintains a balanced distribution across all stocks, ensuring proportional application of its five ranks [20] Investment Strategy - Earnings estimate revisions are strongly correlated with near-term stock price movements, making them a core component of the Zacks Rank [9] - Using ABR to validate Zacks Rank could be an efficient strategy for making profitable investment decisions [15] - Investors should exercise caution when relying solely on the Buy-equivalent ABR for SMCI [10]

To do this, we calculate the distance between the initial high and low of the symmetrical triangle in points and add that amount to the pattern's top trendline. In this case, we add $642 to $870, which forecasts a price target of $1,512. This provides an possible area where the stock may encounter resistance, especially if other technical indicators are flashing overbought readings. Symmetrical Triangle Forms on Super Micro Chart Key Takeaways Super Micro Computer (SMCI) remains in focus on Friday after sha ...