Surging Super Micro Computer: Should You Buy the AI Stock Today?

The roller-coaster ride of volatility continues for Super Micro Computer (NASDAQ: SMCI) stock. At one point in the last five years, the computer rack assembler for artificial intelligence (AI) data centers was up over 4,000%. Last year, the stock fell almost 90%. Today, it has recovered some of these losses and has surged in the past month, but it is still off 62% from all-time highs. It sits at a market cap of $26.7 billion, down from an all-time high of $67.2 billion.Super Micro Computer has been a big beneficiary of the booming spending on AI data centers. Does that mean you should buy the stock after its recent surge?Infrastructure for the burgeoning AI space requires an immense number of advanced computer chips, typically from companies such as Nvidia or Advanced Micro Devices. One company that works as a middleman between these chipmakers and AI companies is Super Micro Computer. It buys computer chips and then uses its expertise in computer rack assembly and energy-efficient innovations to optimize data centers for the big cloud computing providers and other companies investing in AI.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool