I Just Bought the Dip on Super Micro Computer Stock

Two events have dragged Supermicro's stock down. Super Micro Computer (SMCI 4.59%) investors have been on a roller-coaster ride in 2024. The stock entered the year at $280, then it quickly peaked at nearly $1,200 in March. Since then, it's been a near-straight fall down, and the stock currently sits around $440. There are some good reasons why Supermicro fell from its $1,000-plus stock price earlier this year, but I also think its current price is an absolute steal, which is why I just bought the dip on the ...