🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Supermicro launches AI-optimized server platform

Published 10/08/2024, 09:14 PM
SMCI
-

SAN JOSE, Calif. - Super Micro Computer, Inc. (NASDAQ: NASDAQ:SMCI), known for its IT solutions for AI, cloud, storage, and 5G/Edge, has announced a new high-density server platform designed to enhance AI inferencing at the network edge. The platform is tailored for large language models (LLM) and aims to address the demand for high-volume data inferencing with minimal latency in edge locations.

The new Supermicro system, named SYS-322GB-NR, is a 3U server that supports up to 10 double-width GPUs and features two Intel (NASDAQ:INTC)® Xeon® 6900 series processors with P-cores and up to 20 PCIe 5.0 expansion slots. It can accommodate up to 6TB of RDIMM memory and up to 14 E1.S or 6 U.2 NVMe drives. The server's thermal design allows it to operate in conventional air-cooled environments, making it suitable for deployment in edge data centers.

Charles Liang, president and CEO of Supermicro, stated that the system's optimized thermal design enables the delivery of performance in a high-density package, which can be crucial for customers needing powerful solutions for on-premises AI applications with minimal latency.

The SYS-322GB-NR is also versatile, capable of processing data feeds from cameras and sensors in manufacturing settings without the need to transfer data to a remote location, thereby reducing networking requirements and improving response times. It is equally adept in control room environments where AI accelerator cards can be replaced with multi-display cards to support up to 64 independent displays.

Supermicro showcased the SYS-322GB-NR at Mobile World Congress (MWC) Las Vegas, alongside other systems and AI solutions developed in partnership with NVIDIA (NASDAQ:NVDA), AMD (NASDAQ:AMD), and Intel. These solutions are designed to address the needs of Enterprise AI, Retail, Telco Edge, and Financial Services, and include a live AI RAN solution and a ruggedized IP65 Outdoor Edge system with a built-in AI Network Accelerator and Intel® Data Center GPU Flex (NASDAQ:FLEX) 170, suitable for private 5G networks and Edge AI applications.

This announcement is based on a press release statement from Super Micro Computer, Inc.

In other recent news, Super Micro Computer has reported significant developments in its operations and financial status. The company reached a milestone by shipping over 100,000 GPUs each quarter, driven by the demand for generative AI technology. In addition, Super Micro introduced a comprehensive liquid cooling solution for data centers, which has already been implemented in over 2,000 liquid-cooled racks since June 2024.

Simultaneously, Super Micro has announced a ten-for-one forward stock split and amendments to its financial agreements. The company reported record annual revenues of $14.94 billion and fourth-quarter revenues of $5.31 billion. However, Super Micro is under investigation by the U.S. Department of Justice for alleged accounting manipulation.

In terms of product offerings, Super Micro expanded its X14 server portfolio with the integration of new Intel Xeon 6900 Series Processors. The company also unveiled its high-density FlexTwin family of systems. On the analyst front, Loop Capital maintained its buy rating on Super Micro Computer shares, albeit with a reduced price target, while Needham initiated coverage on Super Micro with a buy rating, citing the company's potential for growth in AI infrastructure.

InvestingPro Insights

Super Micro Computer's (NASDAQ: SMCI) recent announcement of its high-density server platform aligns well with the company's strong market position and growth trajectory. According to InvestingPro data, SMCI has demonstrated impressive revenue growth, with a 109.77% increase in the last twelve months as of Q4 2024. This growth is particularly noteworthy in the context of the company's new AI-focused offerings.

The company's focus on AI and edge computing solutions appears to be paying off, as reflected in its financial performance. SMCI's P/E ratio of 21.84 suggests that investors are pricing in future growth expectations, likely driven by innovations like the SYS-322GB-NR server platform.

InvestingPro Tips highlight that SMCI is a prominent player in the Technology Hardware, Storage & Peripherals industry, which is consistent with its position in the AI and edge computing markets. Additionally, analysts anticipate sales growth in the current year, which could be fueled by the demand for SMCI's new high-density server platform and other AI-related products.

It's worth noting that SMCI has seen a significant return over the last week (17.73%) and the last month (23.53%), possibly reflecting positive market reception to its recent product announcements and strong financial performance.

For investors seeking more comprehensive insights, InvestingPro offers 17 additional tips for SMCI, providing a deeper understanding of the company's financial health and market position.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.