JHVEPhoto
- AMD (NASDAQ:AMD) and Super Micro Computer (NASDAQ:SMCI) were in focus on Monday as Mizuho Securities raised its estimates on the pair, citing their recent deals with the Middle East.
- “Tailwinds from Trump’s Middle East Tour as SMCI announces $20B partnership with DataVolt, AMD at $10B with HUMAIN and NVDA to benefit from 500k GPU/year allocation to [the] UAE,” analyst Vijay Rakesh wrote in a note to clients.
- The Middle East announcements are important to note, particularly the 500 megawatt deals signed by both AMD and Nvidia (NVDA). The deals, which are set to last five years, could result in 280,000 GPUs for Nvidia and perhaps as many as 350,000 for AMD over the life span of the deal.
- For Super Micro, its $20B partnership with DataVolt is also significant, Rakesh added.
- He raised his price targets on AMD and Super Micro to $135 and $40 from $117 and $30, respectively.
More on AMD and Super Micro Computer
- AMD: 16 Billion Positive Signals
- AMD’s AI Strategy Sprints Past Intel, Firmly In The Fast Lane
- AMD: Inference Is Hitting An Inflection Point
- AMD to sell ZT Systems’ data center infrastructure manufacturing unit to Sanmina for $3B
- Notable analyst calls this week: Caterpillar, UnitedHealth and Peloton among top picks