Should You Buy the Dip on Super Micro Computer Stock?
Super Micro Computer (NASDAQ: SMCI) has had a tremendous year, as the stock has increased around 160%. But it's well off its all-time highs set just over a month ago. In early March, Super Micro Computer hit an intra-day high of $1,229, a far cry from the $700 mark it trades at now.
Many investors may wonder if it's time to get back into Supermicro's stock, especially after the $200 per share drop it experienced on April 19.
Supermicro has had an amazing year thanks to the business it's operating in. It's a leader in the highly customizable computing server industry, which is experiencing a boom because of artificial intelligence (AI). While there are many competitors in this field, few offer the customizability that Supermicro does, as its product lines allow customers to specify their computing load sizes and specialty. So, whether a client wants to dedicate their server to running large workload AI models or smaller engineering simulation workloads, Supermicro has them covered.
Source Fool.com
