Core Insights - Super Micro Computer Inc (NASDAQ: SMCI) has experienced significant volatility in the past 12 months, indicating a turbulent investment environment [1] - A Goldman Sachs analyst has issued a warning that the downside momentum for the company is expected to persist into 2026 [1] Company Summary - The company has shown fluctuations in its stock performance, which may affect investor sentiment and decision-making [1] - The forecast from Goldman Sachs suggests that investors should prepare for continued challenges ahead, particularly in the next few years [1]

Group 1 - Super Micro Computer Inc (SMCI) shares have decreased by 5.6%, trading at $28.44, following Goldman Sachs initiating coverage with a "sell" rating and a price target of $26, down from $34, indicating potential margin pressures for the tech company [1] - Currently, eight out of 19 analysts rate the stock as a "hold" or worse, with a 12-month consensus target price of $45.32, representing a 60.4% premium to current levels, suggesting potential for further downgrades or price-target cuts [2] - SMCI has experienced a 46.8% deficit over the past six months and could face its fourth loss in the last five sessions, with shares hitting their lowest level since April and facing resistance from the descending 20-day moving average since mid-December [3] Group 2 - The 50-day call/put volume ratio for SMCI stands at 3.04, indicating a higher level of put options activity compared to nearly all readings from the past year, suggesting a decline in optimism among options traders [4] - There has been significant activity in options trading, with 79,000 puts exchanged, which is three times the intraday average volume, indicating bearish sentiment, particularly in the January 16, 2026 27-strike put and the 28.5-strike put contracts [5]

Economic Indicators - The U.S. consumer price index increased by 0.3 percent in December, aligning with economist expectations [2][31] - Core consumer prices, excluding food and energy, rose by 0.2 percent in December, slightly below the expected 0.3 percent increase [2][31] - The annual growth rate of consumer prices remained unchanged at 2.7 percent in December, consistent with November's rate [2][32] - The annual growth rate of core consumer prices also held steady at 2.6 percent, while an increase to 2.7 percent was anticipated by economists [3][32] Stock Market Performance - Major U.S. stock indices are projected to open slightly higher, following a recovery from an initial pullback [1] - The Dow Jones rose by 86.13 points (0.2 percent) to close at 49,590.29, while the Nasdaq increased by 62.56 points (0.3 percent) to 23,733.90, and the S&P 500 climbed by 10.99 points (0.2 percent) to 6,977.27 [5] - The NYSE Arca Computer Hardware Index surged by 5.0 percent, indicating strong performance in the computer hardware sector [10] Federal Reserve and Interest Rates - The Federal Reserve is expected to maintain interest rates at its upcoming meeting, with potential cuts of at least a quarter point anticipated in the following months [10] - Concerns regarding the Federal Reserve's independence have arisen due to subpoenas served by the Department of Justice related to Fed Chair Jerome Powell's testimony [6][7] - Powell described the subpoenas as "unprecedented," attributing them to pressure from President Trump regarding interest rate policies [8] Commodity Markets - Crude oil futures increased by $1.15 to $60.65 per barrel, while gold futures rose by $8.10 to $4,622.80 per ounce [12]

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]

Core Viewpoint - HP Development Company, Limited Liability Partnership has obtained a patent titled "User Profile Based on Battery Measurement Results," with authorization announcement number CN115136098B, and the application date was January 2020 [1] Summary by Categories - Patent Acquisition - HP Development Company has secured a patent related to user profiling based on battery measurement results [1] - The patent was officially announced under the number CN115136098B [1] - The application for this patent was filed on January 2020 [1]

Core Viewpoint - The company has signed a strategic cooperation agreement with Weishi Jiajie (Chongqing) Technology Co., Ltd., establishing a long-term partnership to enhance the sales and promotion of the "Bangyan Cloud PC" products in mainland China [3][9]. Group 1: Cooperation Overview - The recent agreement, titled "Funding Service Type General Agent Cooperation Agreement," is based on the existing strategic partnership and will replace the previous agreement signed in November 2024 [3][9]. - The actual procurement will be determined by the final product order forms signed by both parties [3]. Group 2: Counterparty Information - Weishi Jiajie (Chongqing) Technology Co., Ltd. is a wholly-owned subsidiary of Weishi Jiajie Holdings Limited, which is listed on the Hong Kong Stock Exchange [4][5]. - The company has a registered capital of 13 million USD and was established on February 15, 2012 [4]. Group 3: Agreement Details - The agreement designates Weishi Jiajie as the exclusive funding service agent for the "Bangyan Cloud PC" products in mainland China, prohibiting the company from signing similar agreements with other agents in the same region [9]. - Weishi Jiajie will also provide financial services related to order payments, credit terms, and sales management for regional agents [9][11]. Group 4: Impact on Company Performance - Successful execution of the contract is expected to positively impact the company's future performance, with the actual effects to be confirmed by an auditing agency [14]. - The Bangyan Cloud PC system is positioned to meet the growing demand for secure and efficient computing solutions, particularly in high-security sectors such as government, healthcare, and finance [15].

Core Viewpoint - Digi Power X Inc. has announced a definitive agreement to acquire approximately $20 million worth of next-generation NVIDIA B300 GPUs from Super Micro Computer, Inc. [1] Company Summary - Digi Power X Inc. is a digital infrastructure company that focuses on AI-ready data centers and high-performance computing [1]. - The acquisition of NVIDIA B300 GPUs is part of the company's strategy to enhance its technological capabilities in the digital infrastructure sector [1]. Industry Context - The demand for high-performance computing and AI-ready infrastructure is increasing, driving companies like Digi Power X to invest in advanced technologies [1]. - The partnership with Super Micro Computer, Inc. highlights the importance of collaboration in the tech industry to meet growing computational needs [1].

商报记者朱光函 "大家都在观望，不论是买电脑的还是买配件的消费者都少了。"随着内存条价格起飞猛涨，电脑商户李 稳的业务量降了不少，原本想升级配件的消费者想再等等，原本想置换更高性能电脑的选择继续忍耐老 电脑的卡顿。 服务器级别内存条涨价凶猛，个人消费级内存条的价格上涨同样强劲，包括芝奇、宏碁、光威、阿斯加 特在内的多款内存条都在疯涨，其中芝奇皇家戟C28内存条售价从此前的1399元涨到如今的3519元，宏 碁冰刃C28内存条从1049元涨到了2499元，阿斯加特C28内存条从899元涨到了2159元，光威龙武C28内 存条更是从849元暴涨到2699元。 内存条的价格涨得凶猛，一些与品牌方关系密切的代理商赚得盆满钵满。百脑汇商户李稳表示，做电脑 配件的基本都会囤少量的内存，大致只够三至四天所用，但一级经销商对市场波动更敏感，他们当中会 有人靠囤货赚钱。"据我所知，我认识的一个一级经销商，就通过借贷的方式囤了上万条内存条，仅这 小半年时间就赚到了一千多万元，借贷利息在这样的利润面前，几乎可以忽略不计。" 与实力雄厚且有明确信息源的经销商大批量囤货不同的是，多数小经销商采取的还是边卖边用的措 施。"现在不买，就怕 ...

Group 1 - The core point of the article is that HP Development Company, Limited Liability Partnership has obtained a patent for a device related to detecting developer end structures, with the patent announcement number CN114981728B and an application date of November 2020 [1] Group 2 - The patent is specifically titled "Including a Developer Box for Detecting Developer End Structures," indicating a focus on technological advancements in the field of developer detection [1] - The acquisition of this patent may enhance the company's product offerings and competitive position in the market [1]

Core Insights - Super Micro Computer's shares fell by 13.5% in December, reflecting a broader pessimism in the AI infrastructure market [1] - The stock has seen a nearly 1,000% increase over the past five years but has experienced a decline over the last 12 months [2] Company Overview - Super Micro Computer assembles advanced computer chips into supercomputers for data center providers, positioning itself between major chipmakers like Nvidia and AMD and cloud companies such as Amazon and Microsoft [3] - The company reported revenue of $21 billion over the last twelve months, but growth has started to slow, partly due to anticipation of new Nvidia products [4] Market Concerns - There are concerns about the pace of AI infrastructure development by startups like OpenAI and Anthropic, which could impact demand for Super Micro's services [5] - An oversupply of computer chips in the AI data center market could lead to reduced demand for Super Micro Computer's offerings [5] Financial Metrics - Super Micro Computer has a market cap of $18 billion, with a projected revenue of $36 billion for fiscal year 2026, but operates with a slim gross profit margin of 10%-15% [7] - The company's net income over the last twelve months was just under $800 million, resulting in a trailing price-to-earnings ratio (P/E) of 24 [8] Future Outlook - Despite strong growth guidance for 2026, Super Micro Computer faces risks associated with a potential downturn in AI spending [9] - The stock may appear undervalued, but it carries significant risks for investors at this time [9]