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☆ JPMorgan says this tech stock that's tripled this year can keep going as it helps lead the AI revolution
▼ + stars: | 2024-03-25 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Super Micro Computer's red-hot run should continue as it powers the artificial intelligence revolution sweeping Wall Street, according to JPMorgan. Analyst Samik Chatterjee initiated coverage of Super Micro Computer with an overweight rating as the company leads the AI compute market "still in its infancy." Supporting the target and a next-twelve months EPS multiple of 36 times is an expectation for rapid growth and earnings upside within the AI server market. SMCI YTD mountain Super Micro shares year to date Driving ongoing upside is an expectation for rapid growth in the server market. This suggests that Super Micro will conservatively gain 10% to 15% of the AI server market.

Persons: Samik Chatterjee, Micro's, Chatterjee Organizations: JPMorgan, Computer, Super

☆ Bank of America says keep buying this server maker with an AI competitive edge and great relationship with Nvidia
▼ + stars: | 2024-03-13 | by ( Alex Harring | ) www.cnbc.com time to read: +1 min

Super Micro Computer has more room to run given its competitive advantage and relationships in the artificial intelligence sector, Bank of America said. Analyst Ruplu Bhattacharya hiked his price target by $240 to $1,280, now implying upside of 10.1% from Tuesday's close. Bhattacharya's call comes amid rising expectations for growth in the broader AI server industry as the technological craze continues. SMCI YTD mountain Super Micro Computer, year to date The analyst's new target price also offers reassurance that the stock's rally isn't losing steam. Super Micro shares have already surged more than 300% this year as the AI craze continues, adding to 2023′s jump of more than 240%.

Persons: Ruplu Bhattacharya, Bhattacharya Organizations: Bank of America, Intel, AMD, Nvidia, Computer, Super Micro Locations: Tuesday's

☆ Super Micro pops more than 25% after S&P 500 selection
▼ + stars: | 2024-03-04 | by ( Alex Koller | ) www.cnbc.com time to read: +1 min

Super Micro Computer stock popped more than 25% in Monday morning trading after the company was selected on Friday to join the S&P 500. The record rally in Super Micro's stock, driven by the industrywide artificial intelligence boom, has propelled the company's market cap above $50 billion. The median market cap for S&P 500 companies is $33.7 billion. Super Micro will replace Whirlpool in the S&P 500 starting at market open March 18. Goldman Sachs analysts initiated Super Micro stock with a neutral rating and a 12-month target price of $941 in an investor note Monday.

Persons: Goldman Sachs, CNBC's Michael Bloom, Kif Leswing Organizations: Micro Computer, Whirlpool, Nvidia, CNBC PRO

☆ Cramer's Lightning Round: Super Micro Computer has 'gotten too hot'
▼ + stars: | 2024-03-04 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon Confluent's year-to-date stock performance. Stock Chart Icon Stock chart icon Super Micro Computer's year-to-date stock performance. Stock Chart Icon Stock chart icon Chewy's year-to-date stock performance. Stock Chart Icon Stock chart icon On Holding's year-to-date stock performance. Stock Chart Icon Stock chart icon Indie Semiconductor's year-to-date stock performance.

Persons: they've, I've, I'm Organizations: Indie Semiconductor

☆ Jim Cramer says these 4 stocks are better AI plays than red-hot Super Micro Computer
▼ + stars: | 2024-03-04 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +2 min

Jim Cramer's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. Super Micro Computer : Shares surged nearly 25% on Monday after the artificial intelligence server maker was selected late Friday to join the S & P 500 later in March. The gains push its year-to-date ascent to almost 300% and its 12-month increase to nearly 1,050%, amid booming interest in stocks that benefit from AI adoption. "This is too much," Cramer said, referring to Super Micro's stock surge. Arm Holdings is another Nvidia-adjacent investment idea, Cramer said.

Persons: Jim Cramer's, Cramer, it's Dell, Marc Bitzer, Tony Spring Organizations: CNBC, Club, Nvidia, AMD, Design Systems, Holdings, Cramer's Charitable Trust, Whirlpool, Arkhouse Management, Brigade Capital Management, JetBlue Airways, Spirit Airlines, Airlines Locations: Cramer's

☆ Super Micro needs to figure out a differentiator, says Wedbush's Matt Bryson
▼ + stars: | 2024-03-04 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSuper Micro needs to figure out a differentiator, says Wedbush's Matt BrysonMatt Bryson, Wedbush enterprise hardware analyst, joins 'Closing Bell Overtime' to talk SuperMicro's super run and if its valuation is reflective of the company's offerings.

Persons: Matt Bryson Matt Bryson

☆ Super Micro joining S&P 500 after stock price soars more than 20-fold in two years
▼ + stars: | 2024-03-01 | by ( Kif Leswing | ) www.cnbc.com time to read: +1 min

Super Micro Computer is joining the S&P 500 following a historic rally in the stock that has pushed the company's market cap past $50 billion. Deckers Outdoor is also joining the S&P 500, replacing Zions Bancorporation . Stocks added to the benchmark index often rise in value because funds that track the S&P 500 will add it to their portfolios. Super Micro has been one of the main beneficiaries of the artificial intelligence boom sweeping the technology industry. WATCH: Super Micro is absolutely a meme stock

Persons: Zions, Stocks, Ruplu Bhattacharya Organizations: Whirlpool, Nvidia, Super, Bank of America, & ' $

☆ 'People didn't see it coming': What to know about this hot AI stock up nearly 800% in the past year
▼ + stars: | 2024-03-01 | by ( Samantha Subin | ) www.cnbc.com time to read: +6 min

Here's a breakdown of how Super Micro got to this point, and where investors and analysts expect it to go. What to know about Super Micro Computer Creating servers isn't a new objective for the California-based company. Other shareholders such as Vendig have opted to take a breather on buying shares until the next earnings call. Those headwinds may not hit until 2025 but could hurt the stock if Super Micro fails to differentiate itself. "Super Micro was in the right place at the right time when generative AI took off, there really wasn't a competitor," he said.

Persons: hasn't, Paul Meeks, Brian Vendig, we've, Shreya Gheewala, Matt Bryson, Sylvia Jablonski, Jablonski, Vendig, Wedbush's Bryson Organizations: Nvidia, Devices, Computer, Management, MJP Wealth, AMD, Intel, Wedbush Securities, Micro, Super Micro, Super Locations: California

☆ Rosenblatt calls for more than 60% upside on Super Micro Computer after stock's massive rally
▼ + stars: | 2024-02-20 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Super Micro Computer has soared more than 182% since the start of the year, but the chipmaker has even more upside potential ahead thanks to artificial intelligence tailwinds, according to Rosenblatt. Another key factor in Super Micro's growth story is its liquid cooling solutions for data centers, Mosesmann added. Traditional chipmakers have been less adept in this segment, which opens the door for Super Micro to achieve "heightened hyper-scale engagement," according to the analyst. "The anticipation of increased research coverage should further illuminate Supermicro's business model and the opportunities in its [total addressable market]." Shares of Super Micro were up nearly 3% Tuesday during premarket trading.

Persons: Rosenblatt, Hans Mosesmann, Mosesmann, Wells, — CNBC's Michael Bloom Organizations: Micro Locations: Friday's

☆ Move over Nvidia. There's a new hot AI play that has soared 960% in the past year
▼ + stars: | 2024-02-15 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

One high-flying artificial intelligence stock has soared 960% over the past year and may soon become as familiar Nvidia, the dominant, better-known and far larger maker of AI processors. Recent stock performance notwithstanding, Nvidia, the leading provider of high-end graphics processing units (GPUs) with 80% of the global market, dwarfs Super Micro. SMCI 1Y mountain Super Micro Computer shares over the last year Super Micro popped 13% during Thursday's session, approaching $1,000 per share. Super Micro's already attracted the attention of the investing community, nearly doubling since reporting strong earnings at the end of January. Bhattacharya added that Super Micro's ability to build "server technology from the ground up" gives it a strategic boost.

Persons: Ruplu Bhattacharya, Bhattacharya, referrring, Michael Bloom Organizations: Nvidia, Bank of America, San, Calif, Computer, Devices, Intel, Bank Locations: San Jose

☆ Super Micro shares pop after earnings beat, rosy revenue forecast
▼ + stars: | 2024-01-30 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +2 min

Super Micro said revenue for the quarter came in at $3.66 billion, up from the $3.06 billion expected by analysts, according to LSEG (formerly known as Refinitiv). Super Micro reported a net income of $296 million in its second quarter, up from $176 million in the same quarter last year. Super Micro makes computers that companies use as servers for websites, data storage and other applications, including artificial intelligence algorithms. Shares of Super Micro are already up more than 74% year to date, following a 246% jump last year and an 87% pop in 2022. Watch: Super Micro Computer CEO Charles Lang goes one-on-one with Jim Cramer

Persons: Charles Lang, CNBC's Jim Cramer, Jim Cramer Organizations: Micro, NVIDIA, AMD, Intel, Micro Computer

☆ AI server maker Super Micro boosts sales guidance — another sign to stick with Nvidia
▼ + stars: | 2024-01-30 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +5 min

Super Micro makes computer servers for data centers, competing with the likes of Dell and Hewlett-Packard Enterprise . SMCI 1Y mountain Super Micro Computer 1 year Shares of Super Micro were on pace for a record close Tuesday, jumping 4%, to nearly $515 each — pushing year-to-date gains to roughly 80%. Still, the magnitude of Super Micro stock move Tuesday, compared to the size of the forecast revision, is a sign that investor expectations had already accounted for most of this good news. "I don't know whether [Super Micro] is Mercury or Venus, but I will tell you it ain't Pluto." Super Micro said it continued to see record demand for AI systems in its second quarter.

Persons: —, Jim Cramer, Thursday's, preannounced, Jim Cramer's, Jim, Tyrone Siu Organizations: chipmaker, Dell, Hewlett, Packard, Devices, Intel, Nvidia, AMD, Computer, Micro, Microsoft, Super Micro, Wall, Taiwan Semiconductor Manufacturing Company, CNBC, Nvidia Corporation Locations: San Jose , California, Taipei, Taiwan

☆ Super Micro shares soar more than 30% to record on uplifting preliminary results
▼ + stars: | 2024-01-19 | by ( Alex Koller | ) www.cnbc.com time to read: +2 min

Super Micro Computer , one of the best-performing tech stocks of the past few years, soared more than 30% on Friday to a record, after the maker of data center hardware issued preliminary financial results that exceeded estimates. The uplifting numbers follow a 246% pop in Super Micro's stock last year and a jump of 87% in 2022. Super Micro manufactures computers and sells them to companies, which use them as servers for websites, data storage and applications like artificial intelligence algorithms. Super Micro shares were up 32% to $411.14 as of early Friday afternoon. WATCH: CNBC interview with Super Micro CEO Charles Liang

Persons: Charles Liang Organizations: Micro, Super Micro, Wedbush Securities, CNBC, Super

☆ Trend Micro lays off 2% of its global workforce
▼ + stars: | 2024-01-09 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +1 min

Trend Micro has laid off 2% of its overall workforce. "Trend Micro informed 2% of its worldwide team that their roles were eliminated," a spokesperson said in a statement. "This decision is in alignment with Trend Micro's business transformation and focus on customer expansion through our platform." In response to an analyst question in November about the company's declining headcount and if it has stopped shrinking its workforce, Trend Micro said, "we don't have a plan to actively increase the head count." Trend Micro joins a growing list of technology firms that have recently slashed jobs amid a challenging economy.

Organizations: Trend, Unity Software, Xerox

☆ This under-the-radar A.I. play is up triple digits. Rosenblatt predicts more upside ahead in this 'mother of all cycles'
▼ + stars: | 2023-06-08 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Even after surging more than 192% this year, the tailwinds for this under-the-radar artificial intelligence play are far from over, according to Rosenblatt. The target represents 25% upside from Wednesday's close. Super Micro's AI revenue accounts for 30% of sales, and Mosesmann expects that to continue accelerating. Its total addressable market is projected to surpass $178 billion by 2027, and fuel sales at a compounded annual growth rate exceeding 20%. Key to Super Micro's advantage is its green IT innovation and high-efficiency "resource-saving architecture" that can trim costs, energy consumption and data center e-waste, Mosesmann said.

Persons: Rosenblatt, Hans Mosesmann, SMCI, Mosesmann, Michael Bloom

☆ STMicro leans on AI, cloud as chip designs become more complex
▼ + stars: | 2023-02-07 | by ( Stephen Nellis | ) www.reuters.com time to read: +2 min

Feb 7 (Reuters) - European chipmaker STMicroelectronics (STM.BN) and chip design software maker Synopsys (SNPS.O) on Tuesday said STMicro had for the first time used artificial intelligence software running on Microsoft Corp's (MSFT.O) cloud to design a working chip. The achievement would help solve the growing problem of getting increasingly complex designs ready for customers in an acceptable time, STMicro said. The company is one of a several that are using AI to help design chips, which involves translating a complicated circuit architecture into a blueprint for fabricating billions of transistors on a small piece of silicon. Shankar Krishnamoorthy, general manager of the design automation group at Synopsys, said that company's AI engine got better results faster when it had more computing power behind it. Cloud providers like Microsoft offer the option to rent a huge burst of computing power in a short time.

☆ Tech stocks got whacked in 2022 — but one server maker soared almost 90%, beating all its peers
▼ + stars: | 2022-12-28 | by ( Kif Leswing | ) www.cnbc.com time to read: +6 min

Heading into 2023, the outlook for the server market is murky, especially in the early part of the year. He said tech companies can move faster with Supermicro servers and are willing to pay for execution and the company's design skills. Another specialized market Supermicro is targeting is servers for 5G or telecom applications, using a new kind of approach called OpenRAN. Supermicro said in November that a big unnamed customer was responsible for nearly 22% of the company's sales in the quarter. Intel and AMD have issued downbeat prospects for the server market, and companies of all sizes are cutting costs.

☆ France's CMA CGM to buy New York, New Jersey terminals from Canada's GCT
▼ + stars: | 2022-12-07 | by ( ) www.reuters.com time to read: +1 min

Dec 6 (Reuters) - CMA CGM, one of the world's largest container shipping lines, said on Tuesday that it has agreed to acquire two container terminals at the port of New York and New Jersey from Global Container Terminals (GCT), which will extend its presence in a crucial hub for trade. According to Bloomberg, which first reported the news, the deal could fetch around $3 billion. In a statement, CMA CGM said acquired ports in Staten Island, New York, and Bayonne, New Jersey, have a combined capacity of 2 million twenty-foot-equivalent units per year, and has a potential for further expansion, up to almost double capacity. Like its shipping rivals, CMA CGM has extended its presence along the logistics chain in port infrastructure and non-maritime transport services. Reporting by Kanjyik Ghosh and Akriti Sharma in Bengaluru; Editing by Christian Schmollinger and Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

☆ Cramer's lightning round: Seagate is not for this market
▼ + stars: | 2022-12-01 | by ( Krystal Hur | ) www.cnbc.com time to read: 1 min

Loading chart...Seagate Technology Holdings PLC : "I don't want you to buy any more, because it's just not a high-quality enough stock during this period in the cycle. Loading chart...Target Corp : "We're going to think short-term, then we're going to sell it. I'm in the money-making business, not in the selling business." The enterprise software market is not where I want to be." Disclaimer: Cramer's Charitable Trust owns shares of AMD.

☆ Meet 16 top reverse-logistics leaders tackling retail's $761 billion e-commerce returns problem
▼ + stars: | 2022-07-15 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +19 min

Becca Meinz, the vice president of end-to-end supply chain at Best BuyBecca Meinz is the vice president of the end-to-end supply chain for Best Buy. Steve Lewis, the senior vice president of commercial strategy at GXOSteve Lewis is the senior vice president for commercial strategy at GXO. Kraig Foreman, the president of e-commerce at DHL Supply Chain North AmericaKraig Foreman is the president of e-commerce at DHL Supply Chain North America. Eduardo Vilar, the senior vice president of merchant solutions at AffirmEduardo Vilar is the senior vice president of merchant solutions at Affirm. Glen Sutton, the executive vice president at Ceva LogisticsGlen Sutton is an the executive vice president at Ceva Logistics.

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