➀ AI servers are expected to account for 70% of the server market in 2025, with a total value of $298 billion. ➁ AI server shipments are forecasted to grow by nearly 28% YoY in 2025. ➂ NVIDIA's Blackwell platform chips are set to be the main offerings for high-end GPUs by 2025.

1. Super Micro Computer's shares have lost much of its early 2024 gains but sentiment improved after the firm submitted a compliance plan to Nasdaq. 2. The company faces strong growth prospects in the liquid-cooled server racks market, driven by AI applications and data center CapEx spending. 3. Risks remain due to financial reporting delays and a potential delisting, but a moderate P/E ratio offers a revaluation opportunity if issues are resolved.

➀ AMD's desktop PC market share surges with Intel's Raptor Lake scandal; ➁ AMD's revenue share jumps 8.5 percentage points; ➂ AMD's share of the server market increases to 24.2%.

➀ Spending on accelerated servers for data centers grew 46% in 2Q; ➁ The surge in data center spending is driven by generative AI applications; ➂ Dell led all OEMs in server revenue in 2Q 2024.

1. Super Micro Computer's shares have crashed following a DOJ probe into its accounting practices; 2. Despite the investigation, the company's strong business and server market potential make it an attractive investment; 3. The recent stock split and low valuation present a unique buying opportunity; 4. The DOJ probe has created a negative sentiment, but it's seen as an investment opportunity; 5. SMCI has a strong long-term EPS growth outlook, outperforming Nvidia or AMD.

1. Super Micro's sales and profit growth are driven by surging AI hardware demand; 2. Despite a short seller attack, SMCI's business remains strong; 3. The company's competitive edge in AI-capable servers and liquid-cooled systems positions it well for future growth; 4. Super Micro's valuation at 10x leading profits is a bargain.

➀ Samsung has begun mass production of a 286-layer QLC NAND; ➁ The new NAND is aimed at the server market with a density of 28.5 Gb/mm²; ➂ It offers improved performance compared to the previous generation.

➀ Nee Guohua emphasized that the integration of RISC-V and Chiplet will promote the innovation of DSA (Domain Specific Architecture) and lead to the 'Hardware Defined by Demand' era; ➁ The level of China's chip design has reached the world's advanced level in digital chips, but there is still a gap in analog chips; ➂ Scientists must not only have solid professional knowledge but also be brave in innovation and willing to take responsibility; ➃ RISC-V, as an emerging open instruction set architecture, is gaining global attention and is expected to promote innovation with its openness, efficiency, flexibility, low power consumption, modularity, and scalability; ➄ Chiplet technology, which encapsulates multiple pre-designed small chips into a complete SoC, is introduced to lower design complexity and cost while improving performance and flexibility; ➅ DSA (Domain Specific Architecture) computing architecture, characterized by customized design to better meet specific needs, shows great potential in emerging fields such as AI and IoT; ➆ The integration of RISC-V, extended instruction sets, Chiplet, and interconnect technologies in DSA new servers is expected to replace traditional X86 servers in terms of cost-performance and energy consumption, thus promoting the transformation and development of the Chinese server market; ➇ In the new era of 'Hardware Defined by Demand', hardware design will no longer rely solely on traditional standardized and generalized approaches but will be more closely integrated with actual application needs.