Super Micro is a “show-me story,” says a Rosenblatt analyst, but he sees room for gross margins to expand as the company sells more to enterprise customers.

Super Micro Computer (SMCI) stock received a new Buy rating from a five-star analyst at Rosenblatt Securities. Kevin Cassidy reinitiated

Analysts noted that AI revenues now represent nearly 70% of Super Micro's total sales, a figure that continues to grow as the company leverages its innovative design for scalable, high?performance computing solutions.

The server maker said it is now current with SEC financial reporting obligations and that there were no restatements of previously filed financial statements.

Super Micro Computer (NASDAQ:SMCI) has been on a wild ride, battling financial reporting concerns that escalated into the threat of a Nasdaq