Super Micro Computer Has Soared Over 65% in the Last Month. Is It Too Late to Buy?
Super Micro Computer(SMCI) The Motley Fool·2024-12-11 15:05
Is the recent rally a blip in the radar, or has things finally turned a corner for this server manufacturer.Super Micro Computer's (SMCI -8.58%) shares are up more than 65% over the last month, reversing a dramatic 85% wipeout of the company's market value over an eight-month period. Supermicro's stock price had crashed from an all-time high of $118.81 on March 13 this year, to $17.94 on Nov. 14. The market was concerned about the company's weaker-than-expected financial results and an unfavorable report fr ...