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Super Micro Computer Announced a Stock Split. But There's an Even Better Reason to Buy Right Now.

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Super Micro Computer Announced a Stock Split. But There's an Even Better Reason to Buy Right Now.: https://g.foolcdn.com/editorial/images/787633/person-overlooking-a-datacenter.jpg

Stock splits have been fairly common among companies associated with artificial intelligence (AI). This is because they have performed so well over the past year-and-a-half that their Stock prices have reached a level where a split is a good idea.

One company that has recently joined this club is Super Micro Computer (NASDAQ: SMCI), commonly known as Supermicro. It announced a 10-for-1 stock split effective Oct. 1, which will take its stock price from around $630 to $63 per share.

While the stock split is exciting news, I think there is an even better reason to buy the stock now before the split occurs.

Source Fool.com

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