** Shares of AI server maker Super Micro Computer SMCI.O rise 1% to $444 premarket
** Brokerage Needham initiates coverage of the company with a "Buy" and a $600 PT
** "As a first mover in the design of GPU-based compute systems and liquid cooled rack-level solutions, we view Super Micro as a significant beneficiary from growing investment in AI infrastructure" - Needham
** Super Micro has close ties with chip giant Nvidia NVDA.O and is known for its liquid cooling technology for high-power semiconductors
"We view liquid cooling as an opportunity for the company to further increase its market share," brokerage says
** Six of 16 brokerages rate the stock "buy" or higher, nine "hold" and one "sell"; their median PT is $802.5 - LSEG data
** Up to last close, stock had risen 54% YTD
(Reporting by Zaheer Kachwala in Bengaluru)