About Super Micro Computer, Inc. - Common Stock (SMCI)
Super Micro Computer is a leading provider of high-performance computing solutions, specializing in the design, development, and manufacturing of advanced server hardware and related software. The company focuses on delivering innovative server architectures and integrated solutions that optimize computing efficiency and maximize return on investment for data centers and enterprise customers. Super Micro offers a wide range of products, including rack-mounted servers, high-density solutions, and storage systems, catering to a variety of industries such as cloud computing, artificial intelligence, and big data analytics. By emphasizing energy efficiency and scalability, Super Micro aims to meet the evolving demands of the technology landscape while supporting customers' objectives for optimized performance and reduced environmental impact. Read More
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Shares of server solutions provider Super Micro (NASDAQ:SMCI) jumped 17.7% in the morning session after the company announced shipments of high-density servers powered by AMD's EPYC 4005 processors and revealed a $20 billion multi-year partnership with Saudi data center firm DataVolt. The deal aims to accelerate delivery of GPU platforms for hyperscale AI campuses in Saudi Arabia and the U.S.
The company’s enhanced version of Direct Liquid Cooling (DLC-2) technology is expected to slash electricity use by 40% and the cost of ownership by up to 20%.
The US market is yet to commence its session on Wednesday, but let's get a preview of the pre-market session and explore the top S&P500 gainers and losers driving the early market movements.
Raymond James opined that Super Micro has positioned itself in a sweet spot between the branded IT suppliers, such as Dell and HP Enterprises, and contract manufacturers, such as Quanta.
Raymond James has initiated coverage on Super Micro Computer (NASDAQ:SMCI) with an Outperform rating. This move comes in light of Supermicro's strong standing in the AI-optimized infrastructure sector and its swift revenue growth.
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