Posted 2/12/2024, 11:48:04 AM
Super Micro Computer Stock Surges on Strong Growth and Institutional Demand
- Super Micro Computer (SMCI) stock has seen strong institutional buying over the past year, signaling strong demand
- SMCI has posted impressive sales and EPS growth over the past 3 years of +29.9% and +101.3%, respectively
- EPS is estimated to grow 29.2% this year as SMCI continues its earnings juggernaut
- SMCI stock has made the rare "Top 20" buy signal multiple times on the MAPsignals stock analysis platform
- Given historical price gains and strong fundamentals, SMCI could be a valuable addition to a diversified portfolio