Why Super Micro's stock is tanking — and about to snap a nine-day win streak

Super Micro Computer Inc.’s monster run was stalling Friday, as its stock looked to snap its longest winning streak in over seven years. Shares of the server maker had run up nearly 200% in a month, through Thursday’s close, and had catapulted some 900% on a 12-month basis as well. Wall Street seems excited about Super Micro’s SMCI, -12.19% potential to capitalize on the artificial-intelligence frenzy, but Wells Fargo’s Aaron Rakers suggested that this enthusiasm may already be baked into the stock pric ...