35 AI News and Ratings You Should Not Miss

Page 9 of 35

27. Super Micro Computer, Inc. (NASDAQ:SMCI)

Number of Hedge Fund Holders: 47 

Super Micro Computer, Inc. (NASDAQ:SMCI) develops and manufactures high performance server and storage solutions based on modular and open architecture. On October 21, research firm Needham penned an investor note on the company after attending the 2024 Open Compute Project Summit. In the note, analyst N Quinn Bolton said the focus of most of Super Micro’s presentations during the conference were the shift to liquid cooled data centers, which the company has been a leader in. Bolton reiterated a Buy rating on the stock with a price target of $60, and added that after attending OCP, the advisory was incrementally more positive on the liquid cooling market and viewed Supermicro as well positioned to capitalize on this significant industry transition.

Page 9 of 35