10:27 AM EDT, 08/04/2025 (MT Newswires) -- Super Micro Computer ( SMCI ) needs to show business progression amid rising valuation, Wedbush said in a note Monday. The firm plans to release its fiscal Q4 results Aug. 5.

The report said the company should be benefiting from trends that play to its strengths like increasing spending by neoclouds and model builders, among other factors.

"We, however, haven't necessarily validated significant strengthening build trends for SMCI in the near-term," it said.

Wedbush said that Super Micro Computer ( SMCI ) presents some challenges when it comes to getting inputs around due to the company's use of related parties for component supply/builds.

"But areas where SMCI does use third parties haven't necessarily suggested to us the strength in demand we would have anticipated congruent with a sharp uptick in SMCI server shipments," the note said.

Wedbush kept its neutral rating and $30 price target.

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