Super Micro Computer Stock Has Dropped 60% on Troubling News. Here's What You Need to Know After the Company's Latest Update.
Super Micro Computer(SMCI) The Motley Fool·2024-11-09 16:16
Demand for Supermicro's products has taken off with the artificial intelligence boom.Super Micro Computer (SMCI -3.77%) started the year off as a star of the artificial intelligence (AI) market. The equipment maker has been around for more than 30 years, selling servers and rack scale solutions, but it truly saw earnings take off with the AI boom. In recent quarters, Supermicro has reported triple-digit increases in revenue and soaring demand for its products. The company works hand-in-hand with Nvidia and ...