Supermicro revenue amplifying at material rate, says Loop Capital

Loop Capital keeps a Buy rating and $600 price target on Supermicro (SMCI) after its Q2 earnings beat, adding however that with the revenue amplification the company is experiencing over the last two weeks, there is a legitimate possibility that it will have to revisit its forecast with higher price target. Supermicro’s near-term opportunities for gross margin expansion also include new GPU introductions from Nvidia (NVDA), AMD (AMD) and Intel (INTC), Liquid Cooling and manufacturing efficiencies from new production facilities, the analyst tells investors in a research note.