JHVEPhoto Super Micro (NASDAQ:SMCI), also known as Supermicro, reported earnings on August 6, 2024. Despite showing triple-digit revenue growth, investors were disappointed in the company's profitability. The stock dropped 20% the day after earnings. It is also down 22% from my buy recommendation at $806.40 on July 20, 2024, and dropped 35% from my April 5, 2024, buy recommendation. Data by YCharts Despite the company's subpar fourth quarter fiscal year ("FY") 2024 results and the resulting stock decline, t ...