Where Will Super Micro Computer Stock Be in 2 Years?

With shares trading up around 59% in the last 30 days, Super Micro Computer (NASDAQ: SMCI) is showing signs of recovery as investors become more confident that it can remain listed on the Nasdaq Composite stock exchange. However, given all the turmoil this tech company has been dealing with over the past several months, investors considering this stock are wondering: Is this the start of a long-term recovery, or just a temporary respite on what appears to be a steep spiral downward? Let's dig deeper into what the next two years could have in store for this embattled company.Founded in 1993, Supermicro (as it is generally known) is an information technology hardware specialist that focuses on manufacturing and selling high-performance computer servers. Shares traded on a relatively stable basis for most of the company's time as a public entity. Then a sales catalyst presented itself when the generative artificial intelligence (AI) industry upgraded with the launch of OpenAI's ChatGPT in late 2022.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool