Super Micro Computer: What Happened To The Margins?
SMCISuper Micro Computer(SMCI) Seeking Alpha·2024-08-07 22:01
Thomas Barwick At the start of the year, Super Micro Computer, Inc. (NASDAQ:SMCI) was the poster child of the AI craze, but the correction over the summer has taken the shares now down over 50% from their highs. This correction, and a solid fourth fiscal quarter, warrants an update on the shares here. While top line sales results are largely fine, but will see a growth slowdown during 2025, the issue is that of a very soft margin performance, which feels unexpected and is weighing on the shares here. Im ...