Super Micro Surges on Booming AI Server Demand, But Further Gains Questionable

Super Micro Computer (SMCI) sells high-end servers and its stock has soared nearly 400% in the past year.

Its revenue and earnings have skyrocketed recently thanks to strong demand for AI servers.

Bulls see continued growth as AI expands, bears question if growth is sustainable.

Valuations look reasonable at 17x forward earnings compared to peers.

Stock pulled back 20% from highs, could still have room to run on AI server demand.