2024-05-14 06:40:48 ET
Summary
- Super Micro Computer's stock saw a selloff after reaching $1,000 per share, but fundamental analysis shows that a selloff was unjustified.
- Demand for SMCI's offerings is expected to remain robust due to large investments in AI infrastructure by major tech companies.
- SMCI's guidance for the next quarter and full fiscal year indicates strong revenue growth and profitability expansion.
- My DCF analysis suggests that SMCI stock is more than 70% undervalued.
Introduction
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Super Micro Computer: Buy The Dip