Future Is Bright For Super Micro Computer, But Growth Tailwinds Are Priced In

Jul. 10, 2024 6:10 PM ETSuper Micro Computer, Inc. (SMCI) Stock, SMCI:CA Stock3 Comments
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The Alpha Oracle
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Summary

  • Super Micro Computer is well-positioned with its innovative offerings to benefit from ongoing investments in data centers.
  • This growth is driven not only by artificial intelligence but also by advanced technologies such as 5G, cloud computing, and edge computing.
  • While I believe this strong performance will continue, the current expectations are too high, making it challenging for the company to consistently beat estimates.
  • With an overvalued stock price, SMCI receives a "Hold" rating.

Oselote

Introduction

Catching the artificial intelligence wave felt impossible after missing the initial surge. Stock prices surged almost too much, and valuations seemed high.

However, quality stocks with decent AI exposure kept going up and investors kept investing without caring for

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About SMCI Stock

SymbolLast Price% Chg
SMCI
899.980.49%
Post896.50-0.39%
Created with Highcharts 11.2.0Jul 5Jul 8Jul 9Jul 108009001,000
Market Cap
$52.44B
PE (FWD)
37.66
Yield
-
Rev Growth (YoY)
79.79%
Short Interest
7.97%
Prev. Close
$895.61
Compare to Peers

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