The recent plunge investors have seen in Super Micro Computer (NASDAQ:SMCI) has been truly remarkable. Shares of the server and storage giant surged more than 1,200% during the recent AI boom but have since dropped more than 50% from their peak. That said, there are reasons why many investors view SMCI stock as a strong contrarian bet. Now trading around 15x earnings, there’s a clear value argument that can be made for this provider of direct liquid cooling technology for server farms. The company appears t ...