Can Super Micro Computer Stock Double in Value Within the Next 5 Years?

Super Micro Computer (NASDAQ: SMCI), better known as just Supermicro, has been one of the more volatile artificial intelligence (AI) stocks to own over the past few years. Since 2023, it has risen by 300%, and that's even after giving up some significant gains in the second half of 2024 over concerns about its financial reporting and problems with its auditor.With those issues seemingly resolved now and Supermicro's stock trading at a reduced valuation, is the stock a rally candidate going forward? Could the stock price go so far as to double within the next five years, given all the hype surrounding AI?With the feverish spending on AI by tech companies, Supermicro saw its business take off. By providing companies with servers and the infrastructure they need to carry out their AI ambitions, Supermicro significantly benefited from the surge in AI-related spending. Although its growth rate has slowed down, it was still more than 50% in its most recent quarter, which covered the last three months of 2024.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool