Super Micro Computer: No Longer Dead In The Water (Rating Upgrade)
Super Micro Computer(US:SMCI) Seeking Alpha·2024-08-08 00:00quantic69 The biggest risk to the Super Micro Computer, Inc. (NASDAQ:SMCI) story hit home following FQ4 '24 results. The Al server infrastructure company was already depressed going into earnings, and the low gross margins hit has the stock down further. My investment thesis is now Bullish on Super Micro, with the stock over $200 below the prior dead money call at $750. finviz Wed AUG 07 2024 10:51 AM ET SMCI DAILY -100.77 (16.33%) 1300 Aug 7 O 533.99 H547.00 L513.01 C516.17 Vol7.63M SMA 20 1200 SMA 50 SMA ...