Reported 2 months ago
Super Micro Computer (SMCI) has seen its stock drop 58% from a recent high, despite impressive growth in revenue and earnings driven by demand for AI servers. The company's fiscal 2024 revenue surged 110% to approximately $15 billion, and it is expected to continue growing, with estimates suggesting a potential doubling of revenue in fiscal 2025. Analysts are optimistic about the company's future in the burgeoning AI server market, predicting strong earnings growth. This could represent a prime buying opportunity for investors looking to capitalize on a rebound.
Source: YAHOO