Super Micro Computer's Stock Sinks: Time to Buy or Sell?
SMCISuper Micro Computer(SMCI) The Motley Fool·2024-09-01 06:39

This AI growth stock is running out of steam.Super Micro Computer (SMCI -2.48%), more commonly known as Supermicro, was one of the hottest artificial intelligence (AI) stocks this year. Its shares closed at a record high of 1,188.07onMarch13,representinga2,7601,188.07 on March 13, representing a 2,760% gain over the previous two years, as its sales of dedicated AI servers skyrocketed.But as of this writing, Supermicro's stock trades at 424. Four issues caused that slide: concerns about its declining gross margins, troubling allegations from ...