Is Super Micro Computer Stock a Buy?
The hot artificial intelligence sector propelled many tech stocks upward in the past couple of years, among them server manufacturer Super Micro Computer (NASDAQ: SMCI), commonly known as Supermicro. Its shares soared to a split-adjusted 52-week high of $101.40 last June.But a series of bad news battered the stock. Shares plummeted to a 52-week low of $17.25 by November. Since then, the company has put this tumultuous period behind it, and its share price has risen.Even so, the stock is down 66% over the past 12 months through April 17. Does this mean its shares are buying up? Or do reasons remain to steer clear? Let's dig into the company to find out.Continue reading
The hot artificial intelligence sector propelled many tech stocks upward in the past couple of years, among them server manufacturer Super Micro Computer (NASDAQ: SMCI), commonly known as Supermicro. Its shares soared to a split-adjusted 52-week high of $101.40 last June.
But a series of bad news battered the stock. Shares plummeted to a 52-week low of $17.25 by November. Since then, the company has put this tumultuous period behind it, and its share price has risen.
Even so, the stock is down 66% over the past 12 months through April 17. Does this mean its shares are buying up? Or do reasons remain to steer clear? Let's dig into the company to find out.