SAN JOSE, Calif. - Supermicro, Inc. (NASDAQ: SMCI), a provider of IT solutions for various sectors, has announced a preview of its new X14 server platforms, designed to maximize performance for compute-intensive workloads. These servers are built on the upcoming Intel (NASDAQ:INTC)® Xeon® 6900 series processors with P-cores and feature significant upgrades including support for 256 performance cores in a single node, memory support for MRDIMMs at 8800MT/s, and compatibility with advanced GPUs.
The company's president and CEO, Charles Liang, highlighted the performance and advanced features of the new platforms, emphasizing Supermicro's capability to deliver these high-performance solutions at rack-scale. The servers offer direct-to-chip liquid cooling and a global manufacturing capacity capable of producing up to 5,000 racks per month, including 1,350 liquid-cooled racks.
Supermicro's new X14 systems include over ten new systems in three categories, catering to GPU-optimized platforms, high compute-density multi-nodes, and Hyper rackmounts, allowing enterprises and data centers to scale according to their evolving workloads.
The partnership with Intel is set to deliver powerful systems for AI and high-performance computing. Ryan Tabrah, VP and GM of Xeon 6 at Intel, noted that the new Intel Xeon 6900 series processors will provide exceptional performance for demanding AI and compute-intensive workloads.
Supermicro's X14 performance-optimized systems will support new FP16 instructions on the built-in Intel® AMX accelerator to enhance AI workload performance. Additionally, they will feature 12 memory channels per CPU with support for both DDR5-6400 and MRDIMMs up to 8800MT/s, CXL 2.0, and EDSFF E1.S and E3.S NVMe drives.
The company also offers a complete in-house developed liquid cooling solution, which includes cold plates for CPUs, GPUs, and memory, among other components. This solution is aimed at increasing system efficiency and reducing the Total Cost of Ownership (TCO) and environmental impact of data center deployments.
This announcement is based on a press release statement and provides a glimpse into the future of data center technology, showcasing Supermicro's commitment to innovation and performance optimization for its customers.
In other recent news, Super Micro Computer (NASDAQ:SMCI) has experienced significant developments. The company reported record-breaking fiscal year revenues of $14.94 billion, with fourth-quarter revenues reaching $5.31 billion. Despite the impressive financial results, Super Micro has delayed the filing of its annual report, citing the need for additional time to assess internal controls over its financial reporting. This decision comes in the wake of allegations made by Hindenburg Research, which has led to various reactions from analysts. Rosenblatt reiterated a Buy rating on Super Micro's stock, maintaining a positive outlook for the company. However, CFRA downgraded Super Micro's shares from Buy to Hold, lowering the price target to $454, while Wells Fargo reduced its price target for Super Micro to $375, both firms influenced by the allegations. In addition to these developments, Super Micro has appointed Susie Giordano to its board of directors and has forecasted a revenue of between $26 billion and $30 billion for fiscal year 2025.
InvestingPro Insights
Supermicro, Inc. (NASDAQ: SMCI) has been making waves with its innovative X14 server platforms, and the market is taking notice. As the company pushes the boundaries of performance with its new systems, designed for compute-intensive workloads, investors are closely watching Supermicro's financial health and stock performance.
InvestingPro data shows a robust revenue growth of 109.77% over the last twelve months as of Q4 2024, reflecting the company's strong sales performance. This growth is further accentuated by a quarterly revenue increase of 142.95% in Q4 2024, signaling a significant demand for Supermicro's products in the rapidly evolving IT solutions market. With a market capitalization of $26.07 billion, Supermicro stands as a formidable player in the Technology Hardware, Storage & Peripherals industry.
An InvestingPro Tip highlights that analysts are optimistic about the company's future, with 6 analysts revising their earnings projections upwards for the upcoming period. This could be a response to Supermicro's strategic initiatives, such as the launch of the X14 server platforms, which are expected to cater to the growing demand for advanced computing capabilities in AI and high-performance computing sectors.
Moreover, despite recent stock price volatility, with a significant hit over the last week, the company has demonstrated a high return over the last year, with a 114.63% price total return, reflecting investor confidence in its long-term prospects. Supermicro's ability to innovate and scale production, as evidenced by their new product offerings and manufacturing capabilities, has likely contributed to this positive sentiment.
For more detailed financial analysis and additional InvestingPro Tips, including the company's P/E ratio, gross profit margins, and debt levels, interested readers can visit https://www.investing.com/pro/SMCI. There are currently 18 additional InvestingPro Tips available, providing investors with a comprehensive understanding of Supermicro's financial health and market position.
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