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Super Micro (SMCI): Valuation Check After New Liquid‑Cooled NVIDIA HGX B300 AI Systems Launch

Simply Wall St · 2d ago

Super Micro Computer (SMCI) just rolled out its new liquid cooled NVIDIA HGX B300 systems and validated FlexTwin with Cornelis networking, a combo aimed squarely at the next wave of AI and HPC demand.

See our latest analysis for Super Micro Computer.

Despite the new HGX B300 launches and the Cornelis FlexTwin validation, Super Micro Computer’s share price has been under pressure, with a roughly 10% 1 month share price return and 22% 3 month share price return pulling back some of its earlier rally. However, the 3 year total shareholder return above 300% suggests the long term AI infrastructure story remains intact, even if the recent stumble reflects investors reassessing execution risk and margins rather than writing off the growth runway.

If these AI hardware moves have your attention, it could be worth exploring other high growth tech and AI names through high growth tech and AI stocks to see what else is building momentum.

With shares still trading at a hefty discount to analyst targets despite multi year triple digit returns and ambitious 50 percent plus growth guidance, investors may be asking whether SMCI is now a mispriced AI infrastructure leader or whether the market is correctly discounting future upside.

Most Popular Narrative Narrative: 28.1% Undervalued

With the narrative fair value sitting well above Super Micro Computer’s last close, the implied upside leans on aggressive yet structured growth assumptions.

The accelerating global adoption of AI and analytics continues to drive demand for high-performance, scalable server and data center solutions, positioning Super Micro for strong multi-year revenue growth as enterprises and nations build out AI infrastructure, directly supporting projected revenue outperformance.

Read the complete narrative.

Curious how much faster revenues and earnings must climb, and which future profit multiple unlocks that target? The most followed narrative spells it out.

Result: Fair Value of $48.53 (UNDERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, concentrated mega customers and intensifying AI server price competition could quickly undermine those upbeat revenue and margin assumptions if orders disappoint.

Find out about the key risks to this Super Micro Computer narrative.

Build Your Own Super Micro Computer Narrative

If you are not fully convinced by this view or would rather dig into the numbers yourself, you can build a custom narrative in minutes: Do it your way.

A great starting point for your Super Micro Computer research is our analysis highlighting 2 key rewards and 2 important warning signs that could impact your investment decision.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.