AI Server Demand Fuels Enterprise SSD Price Surge, SK hynix and Solidigm Ramp Up Production

The demand for high-capacity SSDs for AI servers is skyrocketing, driving up enterprise SSD prices by over 80%. SK hynix and its subsidiary Solidigm are responding by increasing production of QLC-based SSDs, which offer high storage capacity and faster performance. This surge is expected to continue, with SK hynix aiming to solidify its position as a top player in the enterprise SSD market.

Super Micro Computer Rebounds After Steep Sell-Off

Super Micro Computer (SMCI) experienced a significant rebound on Tuesday, reversing a two-day sell-off that had reduced its valuation by over 20%. The AI server company’s shares surged by more than 7% during late morning trading, becoming the top gainer in the S&P 500. This rise came after Super Micro Computer’s announcement on Friday that it would release its fiscal third-quarter results on April 30. In previous quarters, the company has provided pre-announced results, including an 11-day advance notice of its earnings call in January. Analysts generally predict a quarterly revenue of $3.92 billion and an earnings per share of $5.72. Last week, Loop Capital set a $1,500 price target for the stock, emphasizing the company’s dominance in generative AI servers and its growing advantage over competitors. The rebound in AI stocks, including Super Micro Computer, comes after a challenging Friday trading session. Fears surrounding Super Micro Computer and AI drove down semiconductor stocks.

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