Super Micro's $50 billion stock collapse underscores risk of AI hype

In this articleSMCICharles Liang, CEO of Super Micro Computer, during the AMD Advancing AI event in San Jose, California, on Dec. 6, 2023.David Paul Morris | Bloomberg | Getty ImagesIn March, Super Micro Computer was added to the S&P 500 after an epic run that lifted the stock by more than 2,000% in two years, dwarfing even Nvidia's gains.As it turned out, S&P was calling the top.Less than two weeks after the index changes were announced, Super Micro reached its closing high of $118.81 and had a market cap ...