Core Insights - Super Micro Computer (SMCI) has introduced Direct Liquid-Cooled, Building Block Solutions (DCBBS) to enhance data center efficiency for AI and high-performance computing (HPC) workloads [1][8] - The DCBBS is designed to support higher-wattage CPUs and GPUs while minimizing reliance on traditional air-cooling systems [2] - The introduction of DCBBS is expected to drive revenue growth in SMCI's server and storage system segment, which has already seen a 19% year-over-year increase in Q3 of fiscal 2025 [3] Revenue Growth and Future Prospects - SMCI anticipates significant revenue contributions from DCBBS, with projected revenues of $22.12 billion in 2025 and $30.2 billion in 2026, reflecting year-over-year growth of 48% and 36.33% respectively [4] - The company is well-positioned to lead in the transition towards sustainable and high-performance data centers, capitalizing on the growing demand for AI and HPC infrastructure upgrades [4] Competitive Landscape - SMCI's DCBBS faces competition from Hewlett Packard Enterprise (HPE) and Dell Technologies, both of which offer liquid cooling solutions [5][6] - HPE provides liquid-cooled HPC and AI servers, while Dell's solutions are designed to be modular and customizable, enhancing deployment efficiency [6] - Despite the competition, SMCI's fully integrated, rack-scale, plug-and-play design offers a competitive advantage [6] Stock Performance and Valuation - SMCI shares have increased by 46.7% year-to-date, outperforming the Zacks Computer-Storage Devices industry, which grew by 2.8% [7] - The company trades at a forward price-to-sales ratio of 0.85X, significantly lower than the industry average of 1.7X, indicating potential undervaluation [9] Earnings Estimates - The Zacks Consensus Estimate for SMCI's fiscal 2025 earnings suggests a year-over-year decline of 6.33%, while fiscal 2026 estimates indicate a growth of 35.75% [10] - Recent revisions in earnings estimates for fiscal 2025 and 2026 have been downward in the past 60 days [10]

Key Takeaways SMCI's server and storage system revenues hit $4.5B in Q3 FY25, up 19% year over year. Growth is driven by demand for DLC racks, new DCBBS modules and AI-optimized storage systems. Global manufacturing expansion aims to boost deployment and bypass geopolitical trade barriers.Super Micro Computer’s (SMCI) server and storage system segmental revenues grew 19% year over year in the third quarter of fiscal 2025, crossing the $4.5 billion milestone. The server and storage system segment, which ac ...

以下文章来源于互联网怪盗团 ，作者怪盗团团长裴培 互联网怪盗团 . 一生只为那颗星。 本文来自微信公众号： 互联网怪盗团 （ID：TMTphantom） ，作者：怪盗团团长裴培，原文标题： 《BBS的谢幕？写在虎扑被迅雷收购之际》，题图来源：视觉中国 虎扑刚刚被迅雷以5亿人民币的价格收购。说明一下， 这个估值不包含得物，目前虎扑已经不再持有 任何得物的股份。 中国最大的体育类社区就这样被收购了。我有几位朋友颇感意外，倒不是意外于 收购本身，而是觉得估值稍低了一些。此外，迅雷和虎扑之间要如何产生协同效应，恐怕除了迅雷管 理层之外，没人能说出什么思路。 我的感叹则是： 这可能意味着一个时代的谢幕，即中文互联网的"BBS时代"。 从70后、80后到90 后，只要是从20世纪末到21世纪初开始接触互联网的，有谁不曾是BBS的重度用户呢？彼时彼刻， 在大家心目中，BBS恐怕就是整个互联网世界的核心吧。教育网的水木清华、北大未名、南大小百 合，公网的网易社区、新浪社区、天涯、猫扑、百度贴吧、铁血、虎扑……现在要么已经消失在历史 深处，要么只是勉强支撑着。一个从2010年以后才开始上网的人，有可能从未接触过BBS类应用； ...

以下文章来源于互联网怪盗团 ，作者怪盗团团长裴培 互联网怪盗团 . 一生只为那颗星。 来源丨互联网怪盗团 （ID： TMTphantom ） 作者丨 怪盗团团长裴培 虎扑刚刚被迅雷以5亿人民币的价格收购。说明一下，这个估值不包含得物，目前虎扑已经不再持有 任何得物的股份。中国最大的体育类社区就这样被收购了。我有几位朋友颇感意外，倒不是意外于收 购本身，而是觉得估值稍低了一些。此外，迅雷和虎扑之间要如何产生协同效应，恐怕除了迅雷管理 层之外，没人能说出什么思路。 我的感叹则是：这可能意味着一个时代的谢幕，即中文互联网的"BBS时代"。从70后、80后到90 后，只要是从20世纪末到21世纪初开始接触互联网的，有谁不曾是BBS的重度用户呢？彼时彼刻， 在大家心目中，BBS恐怕就是整个互联网世界的核心吧。教育网的水木清华、北大未名、南大小百 合，公网的网易社区、新浪社区、天涯、猫扑、百度贴吧、铁血、虎扑……现在要么已经消失在历史 1.豆瓣在2010年前后发展了一波"小组"功能，据说"小组"占据了当时豆瓣流量的75%以上。豆瓣小 组其实就是BBS，而且这个功能相对独立，与书影音没有完全打通。 2.知乎于2011年成立 ...

Core Viewpoint - The article discusses the advancements in liquid cooling technology for data centers, particularly highlighting Supermicro's new DLC-2 technology and its implications for energy efficiency and operational costs in the context of rising AI computing demands [2][5][9]. Group 1: Supermicro and DLC-2 Technology - Supermicro announced the launch of its next-generation DLC-2 technology, which has led to a fourfold revenue increase over the past three years, driven by the maturity of liquid cooling technology [2]. - The new data center construction modular solution (DCBBS) integrates the DLC-2 technology, achieving a 40% improvement in energy and water savings, a heat capture rate of 98%, and a noise level as low as 50db, while also reducing capital expenditures by up to 20% [2][9]. - Supermicro's stock has experienced significant volatility, with a 300% increase in 2023 due to AI demand, followed by an 80% decline in 2024 due to financial reporting delays and governance issues [7][12]. Group 2: AI Computing Power and Market Trends - NVIDIA's CEO Jensen Huang emphasized the critical role of computing power in AI development, noting that AI computing performance improves by a factor of one million every decade [4]. - The IDC report predicts that China's AI computing power market will reach $25.9 billion by 2025, growing 36.2% from 2024, while total energy consumption in Chinese data centers is expected to exceed 400 billion kWh, accounting for over 4% of total national consumption [4]. Group 3: Liquid Cooling Technology Overview - Liquid cooling technology is categorized into non-contact and contact types, with non-contact cooling being the most widely used due to its maturity [5]. - The average energy consumption for cooling systems in air-cooled data centers exceeds 50%, with higher ratios in AI computing centers [5]. - The emergence of high-density computing scenarios has led to the development of new immersion cooling solutions, which are expected to see widespread adoption as server power densities increase [5][6]. Group 4: Financial Performance and Future Outlook - MiaoSuan Technology, founded in 2023, aims for a revenue target of 300 million yuan in 2025, leveraging its immersion cooling technology [6][7]. - Supermicro's recent partnership with DataVolt in Saudi Arabia indicates ongoing interest in high-performance computing solutions despite past financial challenges [7]. - The operational efficiency of liquid cooling systems can lower Power Usage Effectiveness (PUE) to as low as 1.15, with potential for further reductions in specific areas [9].

Core Insights - Supermicro, Inc. has introduced Data Center Building Block Solutions (DCBBS) to simplify the construction of liquid-cooled AI data centers, addressing the complexities of infrastructure components [1][2] - DCBBS allows for rapid deployment, with the potential to go online in as little as three months, while also providing comprehensive design and support services [2][11] - The solution is designed to meet the increasing demands of AI workloads, offering customizable options at various levels of data center architecture [4][6] Group 1: Product Features and Benefits - DCBBS offers pre-validated scalable units, including a 256-node AI Factory unit, which streamlines data center design and reduces time and costs associated with buildouts [2][4] - The solution can lead to significant operational efficiencies, including up to 40% power savings, a 60% reduction in data center footprint, and a 40% decrease in water consumption, resulting in a 20% lower total cost of ownership (TCO) [3][4] - Supermicro's modular approach allows for extensive customization at the system, rack, and data center levels, enabling tailored solutions for specific workloads [6][7] Group 2: Technological Advancements - The DCBBS incorporates Supermicro's DLC-2 technology, which is expected to increase the market share of liquid-cooled data centers from less than 1% to 30% within a year, enhancing heat removal efficiency [9][10] - The liquid cooling system captures heat directly from high-performance components, achieving up to 98% heat capture efficiency and providing substantial power savings compared to traditional air cooling [10] - Supermicro's infrastructure management capabilities, including the SuperCloud Composer®, facilitate the management of compute, storage, and network resources at cloud scale [12][13] Group 3: Service and Support - Supermicro provides a complete suite of services, including data center design, solution validation, and professional on-site deployment, ensuring quick time-to-market and ongoing support [11][13] - The company offers tailored project proposals based on customer requirements, optimizing for power budgets and performance targets [8] - A 4-hour onsite response time option is available for mission-critical operations, enhancing reliability and uptime [11]

2025年开年，[宇树科技]旗下16台人形机器人H1登上蛇年春晚瞬间火爆海内外，后续旗下人形机器人G1凭借跳舞视频、 720度回旋踢等视频，展现其无与伦比的运动能 力，再一次风靡网络，在资本市场、股票市场（ 宇树链 ）和人才市场受到各方关注。 温馨提示 ： 点击下方图片，查看运营团队2025年最新原创报告（共210页） 说明： 欢迎约稿、刊例合作、行业人士交流 ， 行业交流记得先加入 "机器人头条"知识星球 ，后添加（ 微信号：lietou100w ）微信； 若有侵权、改稿请联系编辑运营（微信：li_sir_2020）； 正文： 小编往期文章，有梳理供应商有透露跟宇树科技合作的13家核心零部件公司以及公司深度分析： [宇树科技]深度解析及13家核心零部件供应商梳理 随后，[ 众擎机器人 ]凭借旗下人形机器人SE01完全拟人的 直膝步态行走能力，进入大众视野， 更是凭借旗下人形机器人PM01前空翻视频，成为继宇树科技之后第二个凭 借运动能力爆火的人形机器人创企，并获得来至中东投资者近2亿元资金。 公司联创&市场营销负责人姚淇元像在2月份接受媒体表示：PM01将在2025年3月底开始量产，预计4月中下旬开启小批量 ...

每经实习记者｜李宇彤 每经实习编辑｜余婷婷 "不可否认人形机器人行业可能确实还在泡沫过程中，我觉得也不可避免地会出现某一天泡沫波动、走下行的一个阶段。但是，我们相信机器人行业是难而 正确、长期正确的一个行业。"人形机器人企业松延动力的创始人、董事长姜哲源在接受包括《每日经济新闻》记者在内的媒体群访时如是说道。 无限基金SEE Fund管理合伙人马麟在会上将人形机器人2023年至2025年的关键词总结:为科学家、Demo（演示片）和PMF（产品市场匹配度）。他认为， 2023年首先瞄准人形机器人产业的是一批科学家，到了2024年陆续有企业拿出产品的演示视频。而今年，人形机器人最重要的就是找到市场。 就像在马拉松比赛中，人形机器人不如影视作品中展现的强烈的未来感，甚至有的跑得跌跌撞撞、步履蹒跚。但毫无疑问，人形机器人已经从实验室迈出了 踏向人类真实物理世界的一大步。 本次大会上，松延动力接连发布了人形机器人N2的算力增强版N2 EDU以及仿生女性人形机器人"小诺"。在面对2025年人形机器人行业共同的商业化难题 时，属于松延动力破局时刻到来了吗？ 大定突破1000台 N2 EDU和仿生机器人"小诺"亮相 凭借亦庄 ...

证券研究报告 科技 2025 年 5 月 08 日│美国 动态点评 AI 驱动的数据中心建设仍具备增长逻辑，SMCI 能否抢占先机？ 从 1Q25 看，美股科技巨头持续加码，对 AI 基建投入热度未减，谷歌/Meta/ 微软/亚马逊 Capex 分别同比增长 43/104/53/74%至 172/137/ 167/243 亿美 元。全年看，Meta 更上调 Capex 指引至 640-720 亿美元（原值 600- 650 亿美元），谷歌/微软/亚马逊亦分别维持 FY25 750/800/1000 亿美元的高位 指引。此外，IDC 预计未来五年 AI 服务器市场规模 CAGR 可达 16.3%，而 液冷巨头 Vertiv 也认为数据中心市场规模于同期 CAGR 为 15-17%，中期增 长逻辑仍具支撑。考虑到英伟达 GB 系列 NVL72 或面临散热与信号干扰等 挑战，上半年出货或较少，但部分客户已转单至 HGX Blackwell。英伟达在 GTC 25 也表示，Blackwell Ultra NVL72 计划 2H25 推出，最近 Digitimes 也提到该芯片或改回原来 Bianca 架构，以确保良率 ...

Barrett Business Services (BBSI) Q1 2025 Earnings Call May 07, 2025 05:00 PM ET Company Participants Gary Kramer - President, CEO & DirectorAnthony Harris - EVP, CFO & TreasurerVincent Colicchio - Managing Director Conference Call Participants Chris Moore - Senior AnalystJeff Martin - Director of Research & Senior Research AnalystMarc Riddick - Business Services Analyst Operator Good afternoon, everyone, and thank you for participating in today's conference call to discuss BBSI's Financial Results for the ...