Super Micro Computer (SMCI): Cloud & IT Spend Will Peak In 2022

Super Micro Computer, Inc. (SMCI) provides application-optimized server and storage systems for various markets that include complete serves, storage systems, and modular blade serves. Super Micro Computer, Inc. (SMCI) was downgraded to neutral from positive at Susquehanna. The analyst stated that the SMCI stock price will continue to underperform due to lack of confidence and catalysts on recovery. George Tsilis weighs in on the belief that cloud and information technology or IT spend will peak in the second half of 2022.