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This AI Stock Is Still Off 62% From All-Time Highs: Should You Buy?
Super Micro Computer (NASDAQ: SMCI) has been in the doghouse on Wall Street, but the tide may finally be turning. After falling close to 90% from all-time highs the stock has bumped off the lows and is now up over 50% in the past month. The artificial intelligence (AI) beneficiary that builds computer racks for data centers operates in a rapidly changing sector, leading to wild swings in its stock price. It doesn't help that its profit margins keep moving in the wrong direction, either.As of this writing, Super Micro Computer stock is still down 62% from all-time highs. Let's see whether this AI beneficiary is a cheap buy for your portfolio at current prices.AI has supercharged growth for anything related to the advanced semiconductor and data center market in the past few years. Super Micro Computer serves a niche connecting these two fields by buying advanced computer chips and building computer racks ready-built to handle immense AI workloads. With technologies and innovations like liquid cooling systems, Super Micro Computer has been able to win customers by having these systems ready for deployment with high efficiency when it comes to things like electricity and air conditioning spend, which are important for data center deployment.Continue reading
Super Micro Computer (NASDAQ: SMCI) has been in the doghouse on Wall Street, but the tide may finally be turning. After falling close to 90% from all-time highs the stock has bumped off the lows and is now up over 50% in the past month. The artificial intelligence (AI) beneficiary that builds computer racks for data centers operates in a rapidly changing sector, leading to wild swings in its stock price. It doesn't help that its profit margins keep moving in the wrong direction, either.
As of this writing, Super Micro Computer stock is still down 62% from all-time highs. Let's see whether this AI beneficiary is a cheap buy for your portfolio at current prices.
AI has supercharged growth for anything related to the advanced semiconductor and data center market in the past few years. Super Micro Computer serves a niche connecting these two fields by buying advanced computer chips and building computer racks ready-built to handle immense AI workloads. With technologies and innovations like liquid cooling systems, Super Micro Computer has been able to win customers by having these systems ready for deployment with high efficiency when it comes to things like electricity and air conditioning spend, which are important for data center deployment.
