Super Micro Computer (SMCI): Hyperscaler Data Center Spending Is Robust, Says Citi

Super Micro Computer, Inc. (NASDAQ:SMCI) is one of the Best Long-Term Tech Stocks to Buy According to Analysts. On January 20, Citi reduced its price objective on the company’s stock to $39 from $48, while keeping a “Neutral” rating, as reported by The Fly. Notably, the firm adjusted its targets for the broader technology hardware group in line with the 2026 outlook. Furthermore, it opines that hyperscaler data center spending remains strong, fuelling demand for power, storage, connectors, and fiber.

In a separate release on January 11, Super Micro Computer, Inc. (NASDAQ:SMCI) announced a collaboration with technology partners to develop AI-powered intelligent in-store retail solutions. These are designed to meet higher customer expectations by enabling scalability, improved productivity, and increased profitability.

As per the NVIDIA State of AI in Retail & CPG report, 89% of respondents reported that AI has been helping to improve annual revenue, with 95% reporting that it supports in decreasing annual costs.

Super Micro Computer, Inc. (NASDAQ:SMCI) develops and sells server and storage solutions based on modular and open-standard architecture.

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Disclosure: None. This article is originally published at Insider Monkey.