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Citi Updates SMCI to $52 PT, Stays Neutral Amid AI Optimism, Margin Concerns

2025-07-14 22:18:50 英文原文

作者:Ghazal Ahmed Tue, Jul 15, 2025, 6:18 AM 2 min read

In This Article:

Super Micro Computer, Inc. (NASDAQ:SMCI) is a Must-Watch AI Stock on Wall Street. On July 11, Citi analyst Asiya Merchant raised the price target on the stock to $52.00 (from $37.00) while maintaining a “Neutral” rating.

The firm quoted improving demand for AI servers and the ramp of Nvidia’s GB200/300 platforms, which started shipping in May, behind the price target adjustment. The company’s management is optimistic about turning current deals into real orders over the next two quarters. With Blackwell GPU supply improving, Merchant believes SMCI will find it easier to deliver products and grow its sales.

“Management sounds constructive on materialization of current commitments over the next two quarters as Blackwell GPU supply constraints ease.”

However, she has also cautioned on accelerating competition coming from Dell and HPE.

“We remain concerned on margins given increased momentum and competitive efforts by DELL and HPE, which we believe will temper margin expansion expectations.”

This pressure can make it difficult for SMCI to grow its margins regardless of rising sales.

The firm also pinpointed focus zones for investors:

“1) Global manufacturing footprint amidst tariff implications; 2) Hopper to Blackwell GPU platforms transition; 3) Ability (OTC: ABILF) to deliver on their first-to-market advantage for new GPU platforms amidst increased competitive environment; and 4) DCBBS and DLC 2 emergence and ramp into 2H.”

Super Micro Computer, Inc. (NASDAQ:SMCI) designs and manufactures high-performance server and storage solutions for data centers, cloud computing, AI, and edge computing worldwide.

While we acknowledge the potential of SMCI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT:10 Trending AI Stocks on News and Ratings and 10 Trending AI Stocks on Wall Street.

Disclosure: None.


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摘要

Citi analyst Asiya Merchant raised Super Micro Computer's (NASDAQ:SMCI) price target to $52.00, citing improving demand for AI servers and the ramp-up of Nvidia’s GB200/300 platforms. The company's management is optimistic about converting current deals into orders over the next two quarters as Blackwell GPU supply constraints ease. However, Merchant also warned about increasing competition from Dell and HPE, which could pressure margins despite rising sales. Key focus areas for investors include global manufacturing implications, GPU platform transitions, competitive environment, and new product introductions in the second half of 2023.