Supermicro's Stock Has Quadrupled in 2024. Is There Room for More?
It's easy to see that Super Micro Computer (NASDAQ: SMCI) has been one of stars so far in 2024. The stock is up over 300%, meaning it has quadrupled since the start of the year. Put more plainly, a $1,000 investment on Jan. 1 would now be worth $4,000.
Considering that this maker of high-performance servers started the year with about a $15 billion market value, this rise has been nothing short of impressive. But with that kind of movement, many investors are starting to wonder the same thing: "Should I keep buying, hold, or sell?"
Let's dive deeper into Supermicro (as it's often called) and see if this is the mountain peak or if it's just the beginning of something bigger.
Source Fool.com
