BUZZ-Supermicro jumps, company partners with Eviden to expand distribution of AI SuperClusters

Reuters
12 Mar
BUZZ-Supermicro jumps, company partners with Eviden to expand distribution of AI SuperClusters

** Server maker Supermicro SMCI.O jumps 7.3% to $39.58; stock among the top gainers on the S&P 500 during the session

** Eviden, a unit of information technology firm Atos Group ATOS.PA, collaborates with SMCI to distribute company's AI SuperCluster with NVIDIA GB200 NVL72 products across Europe, India, Middle East and South America.

** Eviden to offer Nvidia GB200 NVL72 product as part of broader infrastructure services

** "Collaborating with Eviden enables us to greatly expand our presence in Europe" - Supermicro CEO Charles Liang

** On Monday, Rosenblatt reinitiated coverage of SMCI with a "buy" rating and $60 price target

** Out of 14 analysts covering SMCI, five rate it "buy", seven "hold" and two "sell", according to data compiled by LSEG

** SMCI up 29%, YTD

(Reporting by Lisa Pauline Mattackal)

((LisaPauline.Mattackal@thomsonreuters.com;))

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