Securing a major order in the Middle East, Mizuho quickly raises the target prices for AMD and Super Micro Computer
Mizuho Securities raised the target prices for AMD and Super Micro Computer, primarily based on the significant cooperation agreements reached by the two companies in the Middle East. The target price for AMD was raised from $117 to $135, while the target price for Super Micro Computer was increased from $30 to $40. Analysts pointed out that AMD signed a $10 billion agreement with HUMAIN, and Super Micro Computer reached a $20 billion cooperation with DataVolt, which is expected to bring significant performance improvements for both companies
According to the Zhitong Finance APP, Mizuho Securities released a report on Monday raising the performance expectations for AMD (AMD.US) and Super Micro Computer (SMCI.US), primarily based on the important cooperation agreements recently reached by the two tech giants in the Middle East.
Analyst Vijay Rakesh wrote in a report to clients: "Trump's Middle East trip has brought favorable policies, Super Micro Computer announced a $20 billion strategic cooperation with DataVolt, and AMD signed a $10 billion agreement with HUMAIN, while NVIDIA (NVDA.US) will also benefit from a long-term order to supply 500,000 GPUs annually to the UAE."
The analyst particularly emphasized that the 500-megawatt data center cooperation agreement signed by AMD and NVIDIA in the Middle East is significant. This five-year cooperation agreement is expected to bring NVIDIA an order for 280,000 GPUs, while AMD could receive procurement of up to 350,000 units.
Regarding Super Micro Computer, Rakesh added that its $20 billion partnership with DataVolt also holds significant strategic value. Based on these cooperation prospects, Mizuho raised AMD's target price from $117 to $135, while Super Micro Computer's target price was raised from $30 to $40
