Super Micro Computer Is Down 12% From Its All-Time Highs. Time to Buy?
It's hard to proclaim any stock other than Super Micro Computer (NASDAQ: SMCI) as the stock of 2024 (so far). It has been an unbelievable investment and has gained more than 267% so far this year. However, the stock is cooling a bit, as that number used to be as high as 318%.
So, with Super Micro Computer sitting around 15% off from its all-time high, is now a second opportunity to hop into the stock?
Super Micro Computer is an investor's second chance at buying Nvidia (NASDAQ: NVDA), the stock that ruled 2023. While Nvidia sells the GPUs that make up data centers that can be used to create powerful artificial intelligence (AI) models, many companies don't have the expertise to assemble their own data centers to get the most use out of them.
Source Fool.com
