Will Super Micro Computer Be the AI Comeback Stock of the Year?
Super Micro Computer (NASDAQ: SMCI), often called Supermicro, has taken investors on quite the roller-coaster ride since the start of 2024. Once the hottest stock on Wall Street, it now sits around 60% below its all-time high. This makes it look like a deep value play, as the stock price looks fairly cheap compared to some of its artificial intelligence (AI) peers.So, could Supermicro make a massive comeback this year? Let's dive in.Super Micro Computer makes hardware for computing servers, a vital part of the AI buildout. In this space, Supermicro competes with other players like Dell (NYSE: DELL) and IBM (NYSE: IBM). There really isn't a ton to differentiate each of the players in the field, as the components for these servers are fairly commoditized. However, Supermicro has a few advantages over some of its competitors.Continue reading
Super Micro Computer (NASDAQ: SMCI), often called Supermicro, has taken investors on quite the roller-coaster ride since the start of 2024. Once the hottest stock on Wall Street, it now sits around 60% below its all-time high. This makes it look like a deep value play, as the stock price looks fairly cheap compared to some of its artificial intelligence (AI) peers.
So, could Supermicro make a massive comeback this year? Let's dive in.
Super Micro Computer makes hardware for computing servers, a vital part of the AI buildout. In this space, Supermicro competes with other players like Dell (NYSE: DELL) and IBM (NYSE: IBM). There really isn't a ton to differentiate each of the players in the field, as the components for these servers are fairly commoditized. However, Supermicro has a few advantages over some of its competitors.
