After Super Micro Computer (SMCI) lowered its Q3 adjusted EPS outlook, Stifel was disappointed by the news. The firm says that Intel's (INTC) product cycles may have contributed to Super Micro's EPS miss. However, the firm continues to believe that Super Micro is well-positioned for growth in the cloud/hyper-scale data center market, as well as in next-gen storage and high performance computing. It keeps a $40 price target and Buy rating on the 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.