Super Micro Computer, Inc. (NASDAQ:SMCI) BofA Securities 2024 Global Technology Conference Call June 4, 2024 11:40 AM ET Company Participants David Weigand - Senior Vice President and Chief Financial Officer Conference Call Participants Ruplu Bhattachary - Bank of America Ruplu Bhattachary Thanks everyone for attending day one of our Global Technology Conference. My name is Ruplu Bhattachary. I'm a director with the equity research team covering IT hardware and electronics manufacturing services companies. ...

Despite some recent volatility, the long-term growth story at Super Micro Computer (NASDAQ:SMCI) remains intact. Twelve months ago, Super Micro Computer stock was $230 a share. Since then, the stock has risen 241% and grown from a small-cap security to being added to the S&P 500, and leading that benchmark index in terms of performance. Big Growth Super Micro Computer stock really took off after the company signed a deal to supply Nvidia (NASDAQ:NVDA) with servers that can be used in tandem with its microch ...

Supermicro's Expanded, Proven Portfolio Includes Systems Designed for Maximum Performance-Per-Watt on Cloud-Native, Storage Optimized, and Scale-Out Workloads, and Air and Liquid- Cooled Systems for AI and HPC Environments SAN JOSE, Calif. and TAIPEI, June 3, 2024 /PRNewswire/ -- Computex 2024 -- Supermicro, Inc. (NASDAQ: SMCI), a Total IT Solution Provider for AI, Cloud, Storage, and 5G/Edge, is launching its X14 server portfolio with support for Intel® Xeon® 6700-series processors with E-cores, and will p ...

Certain Wall Street analysts are predicting big gains for Super Micro Computer and Snowflake shareholders. The S&P 500 (^GSPC 0.80%) advanced 25% over the past year, and excitement about artificial intelligence (AI) was a major source of momentum. Indeed, AI chipmaker Nvidia alone was responsible for 18% of those gains, according to Morningstar. That staggering statistic notwithstanding, there are plenty of opportunities beyond Nvidia. For instance, the following Wall Street analysts see significant upside ...

Supermicro (NASDAQ: SMCI) is a global leader in Application-Optimized Total IT Solutions. Founded and operating in San Jose, California, Supermicro is committed to delivering first to market innovation for Enterprise, Cloud, AI, and 5G Telco/Edge IT Infrastructure. We are a Total IT Solutions manufacturer with server, AI, storage, IoT, switch systems, software, and support services. Supermicro's motherboard, power, and chassis design expertise further enable our development and production, enabling next gen ...

Super Micro Computer (NASDAQ:SMCI) stock has emerged as a compelling investment opportunity in 2024. With the exponential growth of artificial intelligence, cloud computing, and data center demand, Super Micro is positioned to capitalize on these transformative trends. The company's expertise in designing and manufacturing cutting-edge servers, coupled with its strong partnerships make the stock a buy. Its recent quarterly financial results underscores its robust growth trajectory, which is not expected to ...

Super Micro Computer (SMCI) could be a solid choice for investors given the company's remarkably improving earnings outlook. While the stock has been a strong performer lately, this trend might continue since analysts are still raising their earnings estimates for the company. The upward trend in estimate revisions for this server technology company reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong cor ...

There is only one stock that can make the gains made by Nvidia (NASDAQ:NVDA) over the past three years look paltry in comparison. Super Micro Computer (NASDAQ:SMCI) stock has returned 1,124% for investors since the artificial intelligence (AI) boom began in late 2022. Nvidia returned 741%. Where Nvidia is the face of AI with its powerful semiconductors that can handle the complex processing demands the technology requires, Super Micro Computer is the face of data center servers deploying AI chips. Supermicr ...

Super Micro Computer (SMCI -4.00%) isn't new to the tech industry. The maker of servers, workstations, and full rack scale solutions actually has been around for 30 years -- but growth just took off over the past few years thanks to demand from artificial intelligence (AI) customers. Companies are developing AI programs, and for this, they need the items that Supermicro builds. If you'd bought $5,000 worth of Supermicro stock five years ago, today that investment would be worth a whopping $220,000. That's b ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important? Let's take a look at what these Wall Street heavyweights have to say about Super Micro Computer (SMCI) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. Are you wondering why? The vested interest of bro ...