Is Super Micro Computer Stock a Buy Now?
Super Micro ComputerSuper Micro Computer(US:SMCI) The Motley Fool·2024-06-18 00:15

But now, Supermicro stock seems to be gaining momentum once again as it rose more than 12% on June 13. This surge was driven by the latest earnings reports from major artificial intelligence (AI) players such as Broadcom and Oracle. While Broadcom raised its forecast for AI chip sales for the current fiscal year, Oracle pointed out that it is building more cloud computing capacity to cater to the massive demand it's seeing. Shares of Super Micro Computer (SMCI 5.08%) have gone on a roller coaster ride so fa ...