Zeferli/iStock via Getty Images My Thesis Update After I first published my bullish call on Super Micro Computer, Inc. (NASDAQ:SMCI) in January 2024, the stock more than doubled within a few weeks, leading me to assume that this rally could not be sustainable - hence my downgrade in February. Later, I twice confirmed my rating: first in my article reviewing Q1 2024 best-performing stocks of the S&P 500 index (SPY) (SP500), and then specifically updating my rating for SMCI in May 2024. Since my last neut ...