The tariff tremor that once rattled Super Micro Computer (SMCI) is starting to look like a distant blip. After falling 16% on fears triggered by Trump’s “Liberation Day” tariffs back in April, SMCI has now surged nearly 40%. And if the latest analyst calls are anything to go by, this may just be the warm-up round.
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Server Orders Soar as AI Builds Hit High Gear
What’s powering the comeback? Strong server shipments — and not just from the usual U.S. data center suspects. Mizuho’s (MFG) Vijay Rakesh just raised his price target from $40 to $47, citing consistent demand well into 2026. According to his note, Tier 2 cloud partners in Microsoft’s (MSFT) Azure ecosystem are placing steady orders, and SMCI is delivering optimized hardware tailored to their needs. That gives Super Micro a high-growth pipeline tied directly to AI infrastructure.
$20 Billion Saudi Deal Could Be a Game-Changer
But the real catalyst is Super Micro’s multiyear $20 billion deal with Saudi Arabia’s DataVolt. The partnership is designed to accelerate hyperscale campus deployments, and Super Micro is now at the core of that expansion. These aren’t speculative pilot projects. These are multi-billion-dollar buildouts backed by sovereign cash and national tech ambitions.
It’s a signal that demand for AI servers isn’t just a U.S. or Chinese story anymore — it’s global, and Super Micro has its foot on the gas in the Middle East.
Tariffs Knocked It Down, But AI Brought It Back
April’s tariff announcement sent shockwaves through the market, especially for firms with complex international supply chains. SMCI was one of the hardest hit. But the company didn’t flinch. Shipments continued. Orders stacked up. And investors realized the long-term AI story hadn’t changed. That’s why the rebound came faster and stronger.
Is SMCI Stock a Good Buy?
According to TipRanks, Super Micro Computer currently holds a “Moderate Buy” rating based on 13 Wall Street analyst reviews in the past 3 months. Out of these, six analysts rate the stock a Buy, six say Hold, and one recommends Sell.
The average 12-month price target for SMCI sits at $41.42, implying a 14.90% downside from its last closing price of $48.67.
