Loop Capital analyst Ananda Baruah raised the firm’s price target on Super Micro Computer to $325 from $200 and keeps a Buy rating on the shares. The firm’s work suggests the Gen AI compute build has both legs and commercial commitment, with Gen AI going to 30%-40% of all Hyperscale applications from less than 5% today, the analyst tells investors in a research note. Loop Capital thinks Super Micro has at least a 12-24 month “attractive lead” on competition at their “Complexity At Scale” sweet spot.
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Published first on TheFly
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