Time to Buy the Dip on Super Micro Computer Stock?
Super Micro Computer (NASDAQ: SMCI) has emerged as one of the big winners amid the artificial intelligence (AI) technology boom.
The company is capturing strong demand for specialized computer systems as a plug-and-play data center service. On the other hand, the stock has cooled following a spectacular rally at the start of the year. Shares are up 170% in 2024, but also down 37% from their 52-week high set in early March.
With the tailwind of operating and financial momentum expected to continue, could Super Micro Computer be ready to power up again? I believe so, and here's why.
Source Fool.com