Post a Free Blog

Submit A Press Release

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Dark Comedy
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Music
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Thriller
Truck Series (TRUCK)
True Crime
Ultimate Fighting Championship (UFC)
Uncategorized
US
Valorant
Western
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
0
-- Advertisement --spot_img
HomeBusinessNomura Downgrades Super Micro Computer to Neutral Due to Limited Upside Potential

Nomura Downgrades Super Micro Computer to Neutral Due to Limited Upside Potential

Add to Favorite
Added to Favorite


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 from easily surpassing low market expectations to having less opportunity to exceed already high expectations.
Nomura’s revised outlook is influenced by uncertainties around the gradual easing of CoWoS-S supply constraints in 2024 and the potential transitional phase between Hopper and Blackwell GPUs in the latter half of the year.
The analysts acknowledge Supermicro’s competitive advantage in advanced liquid cooling solutions, which supports its gross profit margins. However, they caution that limited order visibility due to these uncertainties could make it difficult for Supermicro to exceed sales expectations, presenting a mixed outlook.
Nomura anticipates Supermicro’s quarterly sales to align with its guidance of $5.1-$5.5 billion, noting that some liquid cooling projects have been deferred to later quarters, reducing the likelihood of surpassing the guidance.
Despite these delays, analysts believe that Supermicro maintained its gross profit margin due to its strong market position and better bargaining power, even as its main competitor remained less aggressive in pricing.

Subscribe to get Latest News Updates

Latest News

You may like more
more

TD Cowen Reiterates Buy Rating on Abbott Labs Ahead of Q3 Earnings

TD Cowen analysts reaffirmed their Buy rating and maintained...

Barclays Raises Lamb Weston Price Target to $74 Following Q1 Earnings

Barclays analysts raised the price target on Lamb Weston...

Macquarie Lifts Roku Price Target to $90, Cites Impressive Growth

Roku (NASDAQ:ROKU) shares rose more than 1% intra-day today...

JPMorgan Raises Tesla Price Target to $130, Cites Softer Q3 Deliveries and 2024 Outlook

JPMorgan analysts raised their price target on Tesla (NASDAQ:TSLA)...