Should You Forget Super Micro Computer and Buy 3 Artificial Intelligence (AI) Stocks Right Now?
AI investing doesn't have to be a roller coaster. Here are three reliable alternatives with world-class management and terrific long-term growth prospects.
Server systems builder Super Micro Computer (NASDAQ: SMCI) was a market darling a year ago. Is it time to turn away from this disgraced industry titan and seek more reliable investment avenues in the artificial intelligence (AI) market?
Supermicro's stock had gained 2,760% in the two years leading up to March 13, 2024. Many hyperscale data centers were loading up on the company's hardware to drive their AI operations.
But that turned out to be the peak of Supermicro's AI surge. Several financial filings were delayed, raising questions about the company's financial reporting quality. A few months later, the company's auditors resigned, citing unreliable data from Supermicro's management and audit committee. The stock fell as much as 84.8% from its March highs.
