2024-07-10 17:14:00

Nomura analysts downgraded Super Micro Computer (NASDAQ:SMCI) to Neutral from Buy, citing limited potential for further share price increases. Following Supermicro’s robust guidance for Q4/23 and Q1/24, analysts believe the company’s performance outlook has shifted. Nomura’s revised outlook is influenced by uncertainties around supply constraints and GPU transitions. The analysts acknowledge Supermicro’s competitive advantage in liquid cooling solutions but caution about limited order visibility. Nomura anticipates Supermicro’s quarterly sales to align with guidance of $5.1-$5.5 billion. Despite delays, analysts believe Supermicro maintained its gross profit margin.