Super Micro Computer Stock Sank Again Today -- Is the Beaten-Down AI Stock Cheap Enough to Buy Now?

Super Micro Computer (NASDAQ: SMCI) stock saw another day of big sell-offs in Thursday's trading. The company's share price closed out the daily session down 11%.Supermicro stock fell today after Cisco made new comments about its plans to move into the artificial intelligence (AI) server market. Today's valuation pullback followed a 6.3% decline in the company's share price after a filing with the Securities and Exchange Commission (SEC) revealed that the tech specialist would be unable to meet the filing deadline for its quarterly 10-Q report.Supermicro's share price is now down 62% over the last month and 36.5% year to date. The stock is also down 85% from the lifetime high it hit in March.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool