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| HSI1 | 26,485.90 | 0.00 | -- |
| HSCEI1 | 9,355.97 | 0.00 | -- |
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2025-11-06 10:40:37 BofA Securities has released a research report reiterating an Underperform rating on Super Micro Computer (SMCI.US) and cutting its target price from USD37 to USD34. In the broker's opinion, although Super Micro Computer's AI-related capital expenditure remained strong, it fueled substantial revenue growth for the company and its peers. It is expected that Super Micro Computer can maintain its competitive advantage with its large-scale manufacturing capacity and monthly shipments of thousands of liquid-cooled racks. However, its large-scale orders may face margin pressure due to bidding in such an intense AI server market. Super Micro Computer is also facing challenges with its free cash flow, evidenced by a negative USD950 million recorded in 1FQ. With aggressive expansion in quarterly revenue and ongoing increases in working capital requirements, further financing may be needed in the future. BofA Securities predicts it will log negative free cash flow over the next several fiscal years. ~ AAStocks Financial News Web Site: www.aastocks.com | |