All times ET. 5:51 a.m.: JPMorgan initiates coverage of Super Micro, citing its AI compute market dominance As the AI compute industry grows, so should Super Micro Computer, according to JPMorgan's Samik Chatterjee. The analyst initiated coverage of the stock with an overweight rating and year-end price target of $1,150, which implies shares could jump 18.2%. "Super Micro is the leading company in the AI compute market, which is burgeoning with demand stemming from training AI models, Retrieval-Augmented Generation by Tier 2 CSPs and Enterprises, and eventually AI inferencing workloads," Chatterjee wrote in a Monday note.