Super Micro Computer Just Made a Big Announcement and the Stock Is Soaring -- Is It Finally Time to Buy?

The accelerating adoption of artificial intelligence (AI) has been a boon to a number of players in the field and Super Micro Computer (NASDAQ: SMCI), commonly called Supermicro, has certainly been among them. The company supplies state-of-the-art servers designed specifically to handle the workloads that come with processing AI. As a result, demand for Supermicro's products has been through the roof, boosting its financial results and causing a surge in its stock price.It appears the company may have flown too close to the sun, as a number of issues came to light that sent the stock plunging. In fact, since its peak in mid-March, the stock had lost as much as 84% of its value.Supermicro just announced the completion of a review by a special committee and is preparing to take a number of steps based on its recommendations.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool