JP Morgan predicts that the AI server market surge will drive up Super Micro Computer's stock price, with a target price of $1150

Super Micro Computer's stock price is expected to soar due to the surge in the artificial intelligence server market. Morgan Stanley has given the company an "overweight" rating with a target price of $1150. Analysts at Morgan Stanley believe that Super Micro Computer is in a leading position in the artificial intelligence computing market, and the demand in this market will continue to grow. It is expected that the size of the artificial intelligence server market will increase from $41 billion in 2023 to $283 billion in 2028. Super Micro Computer is expected to capture 10% to 15% market share and achieve a 43% compound annual growth rate. This expectation has fueled optimistic expectations for the company's stock price increase