Super Micro Computer stock down 30% from all-time high, still faces tough competition

From Yahoo Finance: 2024-06-30 06:45:00

Super Micro Computer (NASDAQ: SMCI) saw a massive 300% increase in its stock price earlier this year, followed by a 30% decline since March. The company specializes in servers and data center components for the AI industry. Despite high expectations, it faces tough competition from big names like Dell and Hewlett Packard. Although it has potential for growth, its stock is still valued at a premium compared to earnings projections. The Motley Fool Stock Advisor team does not currently recommend investing in Super Micro Computer.



Read more at Yahoo Finance: Down 30% From Its All-Time High, Should You Buy Artificial Intelligence (AI) Superstar Super Micro Computer?