tiprankstipranks
Citi sees Dell, HP Enterprise benefitting from Supermicro’s ‘woes’
The Fly

Citi sees Dell, HP Enterprise benefitting from Supermicro’s ‘woes’

Citi analyst Asiya Merchant believes Dell Technologies (DELL), and to a lesser extent HP Enterprise (HPE), will likely benefit from improving artificial intelligence order momentum and competitive intensity in the quarters ahead given Supermicro’s (SMCI) “woes.” Supermicro provided a business update below estimates, attributing the shortfall to a demand air pocket as its customers await next generation Blackwell chips which are on allocation, the analyst tells investors in a research note.

Don't Miss our Black Friday Offers:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App