Could Super Micro Computer Stock Help You Become a Millionaire?
Super Micro Computer (NASDAQ: SMCI) has been one of the hottest stocks on the market over the past year, with astronomical gains of 722%. That means that a $100,000 investment made in this server manufacturer a year ago is now worth more than $820,000. If Super Micro stock can keep up its momentum and head higher -- which it seems capable of doing -- it may be able to turn that investment into a million dollars in what would be a very short period.
But if you're one of those who missed this past year's rally, does it make sense to buy this stock right now in anticipation of more gains ahead?
In other words, if you have $100,000 to invest after paying your bills, clearing loans with high interest rates, and saving enough for tough times, should you put that money into this tech stock in the hopes that it could replicate its performance and help you become a millionaire? Let's find out.
Source Fool.com
