SMCI Stock Warning: Why I Am Still Not Buying This Hyper Growth Story
SMCISuper Micro Computer(SMCI) Investor Place·2024-08-13 18:40

Super Micro Computers (NASDAQ:SMCI) stock was among the names that skyrocketed on artificial intelligence (AI) hype. In March, SMCI stock touched all-time highs of 1,229.TherehasbeenadeepcorrectionfromthoselevelsfortheAIdriveninfrastructuresolutionsprovider.Currently,SMCIstocktradesat1,229. There has been a deep correction from those levels for the AI-driven infrastructure solutions provider. Currently, SMCI stock trades at 540.98.However, I would prefer to stay away from SMCI stock since better investment options are available in AI. True, a forward P/E of 14.8 looks attractive. Yet, the markets have ignored the P/E metric ...