Dell Vs. SuperMicro: One Is The Better Buy
DELLDell Technologies(DELL) Seeking Alpha·2024-08-09 01:03
Hispanolistic/E+ via Getty ImagesSuperMicro (NASDAQ:SMCI) stock, aka SMCI, dropped by a whopping 20% in one session after reporting a "mixed earnings" announcement. The latest drop is just an extension of a broader decline stemming from the highly overbought levels achieved last March. From peak to trough, SMCI has declined by about 60% from an ATH above $1,200 to below $500 today. SMCI 1-Year Chart SMCI (stockcharts.com )SMCI has returned much of the gains achieved in the massive run-up early in the ye ...