SMCI Stock Warning: Why I Am Still Not Buying This Hyper Growth Story

Super Micro Computers (NASDAQ:SMCI) stock was among the names that skyrocketed on artificial intelligence (AI) hype. In March, SMCI stock touched all-time highs of $1,229. There has been a deep correction from those levels for the AI-driven infrastructure solutions provider. Currently, SMCI stock trades at $540.98. However, I would prefer to stay away from SMCI stock since better investment options are available in AI. True, a forward P/E of 14.8 looks attractive. Yet, the markets have ignored the P/E metri ...