Bank of America Securities has initiated coverage on Super Micro Computer Inc. (SMCI) with an Underperform rating and set a price target of $35. Analyst Ruplu Bhattacharya cited increasing competition in the AI server and rack market as a key concern, which is expected to keep margins under pressure. Additionally, constraints on the availability of critical components such as GPUs and liquid cooling parts may limit the company’s revenue growth. Bhattacharya also noted the potential commoditization of liquid cooling technology and a gap in enterprise market share compared to peers. Meanwhile, other tech stocks are showing varied trends: Palantir Technologies Inc. (PLTR) insiders have sold nearly $9 billion in stock since 2021; Advanced Micro Devices Inc. (AMD) recently reached $174 per share with potential to move toward $200 post-earnings; Arm Holdings (ARM) is expected to approach all-time highs near $200 by the end of 2025; and Micron Technology Inc. (MU) is positioned for a move higher with a $130 trigger, supported by earnings guidance and AI growth prospects. Market capitalization figures highlight AMD at $270 billion with $7.66 billion in revenue last quarter, and Palantir at $275 billion with $828 million in revenue last quarter.