Super Micro Computer: Disaster Earnings, A Massive Opportunity (Upgrade)
Super Micro ComputerSuper Micro Computer(US:SMCI) Seeking Alpha·2024-08-08 20:10

J Studios/DigitalVision via Getty Images Thesis Summary Super Micro Computer, Inc. (NASDAQ:SMCI) reported weak fiscal Q4 earnings on Tuesday, the 6th of August, leading to a 20% drop in its share price. While the company did not meet investors' lofty goals, and it certainly faces challenges ahead, the sell-off seems to be overdone. Looking at revenue and earnings estimates, the company now seems undervalued, with substantial upside potential. If the AI trade still has legs, these are by far the longest. I l ...