Supermicro Shares Plummet Amid AI Demand
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few key reasons SupermicroThe Motley Fool
•1 Beaten-Down S&P 500 Artificial Intelligence (AI) Stock Down 30% to Buy Hand Over Fist Now
79% Informative
Super Micro Computer (NASDAQ: SMCI ) generated $5.3 billion of revenue in its fiscal 2024 fourth quarter (ended June 30), an increase of 141% year over year .
Yet despite its crucial role in the AI landscape, shares of Supermicro have fallen just over 30% in the last three months .
Supermicro currently trades at a price-to-earnings multiple (P/E) of 31.3 .
Consider when Nvidia made this list on April 15, 2005 ... if you invested $ 1,000 at the time of our recommendation, you’d have $ 796,586 !
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