Maxim analyst Nehal Chokshi points to the fact that Super Micro Computer (SMCI) was able to pass through a larger portion of its increased memory costs to its customers than peers HP Enterprise (HPE) and Dell as evidence that Super Micro has the most differentiated servers. Super Micro will further strengthen differentiation with Intel's (INTC) Purley server platform launch, added Chokshi, who keeps a Buy rating and $43 price target on Super Micro shares.

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KeyBanc initiated coverage of Supermicro with a Sector Weight rating and no price target. The shares are currently trading relatively inline with Supermicro's infrastructure peer group, the analyst tells investors in a research note. The firm says the company is well positioned to benefit from secular artificial intelligence growth trends provided its ability to deliver highly customized full IT solutions leveraging its in-house engineering design expertise based on latest technology. KeyBanc notes Supermicro is addressing a $141B total server addressable market in 2024, which is forecasted to grow to $187B by 2027, implying a three-year annual growth rate of 10%.

Notable gainers among liquid option names this morning include Globe Life (GL) $71.33 +4.94, Super Micro (SMCI) $764.85 +47.83, Danaher (DHR) $250.88 +14.79, Kimberly Clark (KMB) $136.87 +7.94, and General Motors (GM) $45.38 +2.17.

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The U.S. Department of Defense has awarded Intel Foundry Phase Three of its Rapid Assured Microelectronics Prototypes - Commercial, or RAMP-C, program, the company announced. "The award was announced through the National Security Technology Accelerator's consortium-based Strategic and Spectrum Missions Advanced Resilient Trusted Systems Other Transaction Authority program. The third phase of RAMP-C advances the tape-out and testing of early defense industrial base product prototypes, signifying a critical milestone for the program that highlights the readiness of Intel 18A process technology, intellectual property and ecosystem solutions for high-volume manufacturing. As part of the announcement, RAMP-C customers can begin manufacturing commercial and DIB product prototypes on Intel 18A process technology," Intel stated. Reference Link