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goldman sachs downgrades super micro computer amid rising competition and margin concerns
Super Micro Computer (SMCI) has seen a ~40% stock rally this year, making it the best performer in hardware stocks, despite a prior ~30% correction. Goldman Sachs analyst Michael Ng has downgraded the stock to 'Sell,' citing increased competition and margin pressures, while lowering the price target to $32 from $40. JP Morgan's Samit Chatterjee also noted potential margin moderation in FY26, which could limit EPS growth relative to revenue.
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