Crushed From $123 To $48: Super Micro Computer May Finally Be A Buy

Mikhail Sheleh In Q1 2024, Super Micro Computer ( NASDAQ: SMCI ) ( NEOE: SMCI:CA ) was certainly one of the red-hot stocks, driven by the AI-investment narrative, which pushed the stock to its all-time high of $1,230/share by the end of March, compared to $300/share at the beginning Analyst’s Disclosure: I/we have a beneficial long position in the shares of NVDA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha).

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