Super Micro Computer Stock Falls 4% on Insider Selling Despite Strong Growth
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Super Micro Computer (SMCI) stock fell 4.1% today, likely due to insider selling and a downgrade of SoundHound AI stock.
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Even after the dip, SMCI is still up 187% YTD amid strong demand for its AI and data center products.
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SMCI has explosive growth, with revenue guidance implying over 100% YoY growth.
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Valuation looks stretched on a P/E basis despite significant growth prospects.
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The stock is high risk but could continue surging if growth stays robust over the next few years.