Reported 17 days ago
Super Micro Computer's stock has seen significant fluctuations in 2024, starting at $280 and peaking at nearly $1,200 in March before dropping to around $440. The decline is attributed to a plunge in gross margins and a short report from Hindenburg Research alleging accounting malpractice. However, the stock's current price presents a promising investment opportunity, as the company anticipates substantial revenue growth of 74% to 101% in fiscal 2025 and has a long-term revenue target of $50 billion, making it an appealing choice for investors.
Source: YAHOO