The rush for companies to grab artificial intelligence (AI) market share has led to a surge in demand for the hardware that powers these powerful models and applications. Super Micro Computer (NASDAQ: SMCI) has been a significant benefactor, and the stock's exponential rise over the past year reflects that.

After soaring from under $100 to over $1,200 per share, the stock -- and the broader market -- have taken a breather in recent weeks.

Extreme price action can intimidate investors from buying a dip because they fear that the higher a stock soars, the further it will fall. But that could be an unwarranted fear in this case. Here is why Supermicro, as it is also known, could be a brilliant buy today.

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Source Fool.com