Valuations eventually matter—and Super Micro Computer stock may be falling because of it. Super Micro stock has gained 214% this year has more than tripled this year on excitement over the growth potential of its high-end AI servers, which are often filled with Nvidia GPUs. The analyst believes at the current valuation investors expect Super Micro to generate more than $30 billion in annual revenue in the coming years—more than double the current Wall Street estimate for this fiscal year.
Super Micro Stock Slumps After Analyst Says AI Boom Is Priced In
Feb 16, 2024
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