2 Reasons to Buy Supermicro Stock Hand Over Fist -- and 1 Reason to Stay Away

There's one big fly in the ointment for this former high-flying stock. What goes up can come down. Just look at Super Micro Computers (SMCI 3.40%), commonly referred to as Supermicro. Shares of the technology solutions company skyrocketed 246% in 2023. This momentum continued into 2024, with Supermicro stock up another 318% by mid-March. Since then, though, everything has been downhill. Supermicro is now down over 60% below its peak. What should investors do? Here are two reasons to buy Supermicro stock han ...