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Should You Buy the Dip on Super Micro Computer Stock?

TheMotleyFool

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Should You Buy the Dip on Super Micro Computer Stock?: https://g.foolcdn.com/editorial/images/776168/two-software-engineers-walking-down-an-aisle-of-a-data-center.jpg

Super Micro Computer (NASDAQ: SMCI) has been a fantastic stock to own in 2024, as it's up nearly 200% this year. However, that figure was more than 300% at one time; the stock is nowhere near its 2024 highs.

With the stock about $400 off of its highs, is it time to buy the dip? After all, Super Micro Computer (often called Supermicro) has been growing at a lightning pace.

Supermicro is cashing in on the same trend that many others have been: artificial intelligence (AI). In essence, Super Micro Computer gave investors a second chance to buy Nvidia, as it's a very similar style of investment.

Source Fool.com

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