2024-04-05 09:29:58 ET
Summary
- Super Micro Computer's stock price has increased by 251% since November 2023.
- The company has recently joined the S&P 500.
- Its competitive advantages in engineering, R&D, and the ability to rapidly adjust to customer needs has helped it outgrow the server industry.
- The company has further potential upside.
Since my last article recommending a buy for Super Micro Computer ( SMCI ) on November 15, 2023, the stock price has soared around 251%. Several things have occurred since my recommendation last year. For instance, last month, on March 18, the company joined the S&P 500. Additionally, the company raised capital multiple times over the previous four months. So, it was time to share my opinion on these moves and explain why I still think Super Micro (also spelled Supermicro) is a buy.
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For further details see:
Super Micro Computer: Strong Performance And Attractive Valuation For Investors