Super Micro Computer (NASDAQ:SMCI) has had an eventful few months, and not in the way investors might have hoped. After peaking close to $1230 per share in March, the stock has fallen nearly 70% on bad news after bad news. Fears over margin concerns
Super Micro Computer: This Stock Is Dead Money
Summary
- Super Micro Computer shares have plummeted nearly 70% from 52-week highs.
- Despite impressive YoY growth and favorable valuation metrics, negative investor sentiment looms large.
- The DoJ investigation will likely keep the stock range bound for the foreseeable future.
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