Where Will Super Micro Computer Stock Be in 1 Year?
The AI server maker needs to win back the trust of its investors.
Super Micro Computer (NASDAQ: SMCI), also known as Supermicro, was one of the market's hottest artificial intelligence (AI) stocks. The AI server maker's stock closed at a record high of $118.81 on March 13, 2024, marking a gain of 1,020% over the previous 12 months.
Today, its stock trades at about $34. It lost more than 70% of its value as it grappled with a declining gross margin, accounting issues, a delayed annual report, delisting threats, and subpoenas from the Department of Justice (DOJ) and Securities and Exchange Commission (SEC). But as it overcomes most of these issues, will it recover over the next 12 months?
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