Is Super Micro Computer a Top Artificial Intelligence (AI) Stock to Buy Right Now?
Super Micro Computer (NASDAQ: SMCI) had a remarkable year, as the stock nearly tripled. However, it's down around 35% from its highs, which some investors may see as a buying opportunity.
So, should you scoop up the stock now? Or is it down so much for a good reason?
Super Micro Computer (often called Supermicro) is a key supplier in the data center industry and is thriving thanks to increased demand for artificial intelligence (AI). This association caused the stock to increase quickly, but also contributed to its volatility.
Source Fool.com