2024-06-11 06:15:00 ET
Super Micro Computer (NASDAQ: SMCI) is a company that's been around for quite some time, growing slowly but surely -- until about a couple of years ago when revenue exploded higher. The reason for this sudden boost to growth? The artificial intelligence (AI) boom. Super Micro makes the servers, workstations, and full rack scale systems that are key elements for AI programs.
All of this has equaled share performance too, with Super Micro's stock soaring 170% this year alone -- and the stock has climbed more than 4,000% over the past five years, scoring a massive win for long-term investors. But after all of these gains you may be wondering if it's too late to get in on this AI story. Or is Super Micro still a buy? Let's find out.
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Up More Than 170%, Is Super Micro Computer Still a Buy?