Reported about 2 months ago
Super Micro Computer recently announced a 10-for-1 stock split, reducing its share price from around $630 to $63. However, it is the significant demand for its data center products and impressive revenue growth projections that present a more compelling reason to invest in the company now. With expectations for $6 to $7 billion in revenue for Q1 fiscal 2025, and a long-term goal of $50 billion in annual revenue, Supermicro is positioned for substantial growth, despite a recent drop in stock price and margins. This presents an attractive buying opportunity for investors.
Source: YAHOO