Where Will Super Micro's Soaring Stock Be in 3 Years?
With share prices up by 49% in the first three weeks of 2024, Super Micro Computer (NASDAQ: SMCI) has hit the ground running in the new year. This latest move caps off an almost 500% rally over the last 12 months as investors become increasingly optimistic about its potential in generative artificial intelligence (AI) infrastructure.
Let's discuss what the next three years could have in store for the company.
On Jan. 19, Super Micro released its preliminary results for its fiscal second quarter, which ended in December. With expected revenue in the range of $3.6 billion to $3.65 billion, it will dramatically exceed both its best-case prediction of $2.9 billion and the analyst consensus of $3.06 billion -- all thanks to one growth engine: AI.
Source Fool.com
