Samsung invests in Euclyd's $231 million Series A funding round; Euclyd develops AI inference chips positioned as an Nvidia alternative.

On September 14, 2026, Samsung announced its participation in a $231 million funding round for Dutch AI chip manufacturer Euclyd. This investment arrives amid surging market interest in alternatives to NVIDIA’s graphics processors, which have long dominated the AI chip landscape. Euclyd, founded in 2024, is developing a specialized AI chip architecture optimized for inference workloads, aiming to lower both energy consumption and operational costs within AI data center infrastructure. The move underscores a broader strategic shift in the semiconductor industry as competitors challenge NVIDIA’s near-monopoly in high-end chips used for model training and inference.

The announcement coincides with renewed investor scrutiny of Super Micro Computer Inc (ticker: SMCI), a key provider of high-performance server technology, cloud computing solutions, and data center infrastructure. Operating in the technology sector, SMCI holds a market capitalization of approximately $24.13 billion. The company offers a diversified portfolio of servers, storage systems, and networking devices, positioning it as a critical player in the expanding AI data center market.

From a valuation perspective, SMCI currently trades at a Price-to-Sales (P/S) ratio of approximately 0.56, well below its historical median. Traditional earnings-based metrics such as the P/E ratio are less meaningful here, as the company remains unprofitable and cash-flow-negative. For reference, SMCI’s trailing twelve-month P/E stands at 11.48x, notably lower than its five-year median of 19.34x, reflecting ongoing financial headwinds. Despite these challenges, GuruFocus calculates a GF Value™ of $83.52 for the stock, suggesting it is undervalued by roughly 56%. Analysts caution that this figure should be treated as a directional indicator rather than a precise price target, particularly given the company’s current financial profile.

SMCI’s overall GF Score™ sits at 85 out of 100, signaling strong relative performance among peers. The proprietary measure evaluates financial strength, profitability, growth potential, valuation, and momentum. SMCI’s breakdown shows exceptional growth potential (10/10) and solid profitability (8/10), alongside respectable financial strength (7/10) and momentum (7/10). However, its valuation rank is notably low at 2/10, highlighting market concerns regarding current pricing levels.

Institutional sentiment appears broadly positive, with eight “guru” investors currently holding SMCI shares. Seven of these investors have increased their positions in recent quarters, while two have reduced theirs. Conversely, insider trading activity warrants closer attention: executives and major shareholders have offloaded $15.4 million worth of shares over the past three months, a pattern that may signal internal caution.

For investors, SMCI presents a mixed but compelling picture. The company demonstrates robust growth fundamentals and a high composite GF Score™, yet its depressed P/S ratio and recent insider selling suggest the market may be discounting future prospects or reacting to near-term financial pressures. Stakeholders are advised to weigh these divergent signals carefully when assessing exposure.

Common questions surrounding the stock clarify that SMCI’s GF Score™ of 85/100 reflects strong peer-relative performance, while its apparent undervaluation on a P/S basis is tempered by the irrelevance of traditional P/E metrics during periods of unprofitability. The trailing P/E of 11.48x versus a 19.34x five-year median further illustrates the company’s current financial constraints.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Disclosures: I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.