Citi initiated coverage of Super Micro (SMCI) with a Neutral rating and $39 price target With 8% of artificial intelligence server revenue share, Super Micro remains one of the leading players to GPU-as-a-service cloud providers and enterprises, and should continue to benefit from broader secular trends in AI-driven infrastructure, the analyst tells investors in a research note. However, the firm says its positive view is counterbalanced by an increasingly competitive AI Server landscape pressuring margins.
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