Why an AI stock that’s up 764% in the past year has another 18% upside potential, according to JPMorgan

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  • Super Micro Computer is up 764% in the past year, and JPMorgan thinks there’s even more upside.

  • The bank said Super Micro Computer is disrupting the traditional server market through its AI server stack.

  • “We expect the leadership to continue, guided by a balance between customized solutions and rapid time to market,” the company said.


The sharp rise in Super Micro Computer stock over the past year won’t slow down anytime soon, according to JPMorgan.

The bank has taken the initiative Super microcomputer stock with an Overweight rating and a $1,150 price target on Monday, representing 18% potential upside from Friday’s close. Shares rose about 6% on Monday following JPMorgan’s bullish initiation report.

“Super Micro is the leading company in the AI ​​compute market, which is growing with demand driven by AI model training, Retrieval-Augmented Generation by Tier 2 CSPs and Enterprises, and ultimately AI inferencing workloads,” said JPMorgan .

Shares of Super Micro Computer are up 764% in the past year as AI server business booms. The sharp rise in the company’s stock price has catapulted the San Jose-based company from the small-cap Russell 2000 index to the large-cap index. S&P500 index, giving it a market value of approximately $60 billion.

JPMorgan expects Super Micro Computer’s recent dominance to continue as it disrupts the traditional server market with its AI-enabled server stacks.

“We expect the leadership to continue, guided by a balance between customized solutions and rapid time-to-market, although any potential upside is more likely to come from rapid expansion in the AI ​​Server market rather than an expansion of the yet already high rating…

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