DE DELL Dell Technologies Inc. Loading... : Bullish and Bearish Analyst Opinions

SMCI's guidance implies ~6.5% gross margin for the December quarter, down from 9.5%, with management explicitly citing a 'strategic large design win' with 'higher costs and lower margin' as a major factor, likely referring to a hyperscaler or neocloud customer. — This indicates SMCI is taking a low-margin, high-volume strategic deal to secure market share, which signals intense price competition and immense pricing power among the leading AI chip customers.