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Super Micro Computer's Sales More Than Doubled Last Quarter. Here's Why I'd Still Stay Far Away From the Stock
Super Micro Computer (NASDAQ: SMCI) recently posted some incredibly strong sales numbers, with its top line more than doubling. Net sales of $10.2 billion for the third quarter of Fiscal 2026, which ended on March 31, were up an impressive 123% year over year. The company, which is involved in the sale of key technology infrastructure for businesses, including servers for artificial intelligence (AI), has experienced tremendous growth in recent years.
But while its sales have been impressive, that may not be enough of a reason to invest in the tech stock. Here's why, despite its strong top-line numbers, I'd stay far away from it.
Xerox and Super Micro Shares Are Soaring, What You Need To Know
A number of stocks jumped in the afternoon session after Micron Technology surged on a UBS price target hike that signaled AI hardware demand is structurally undersupplied.
Stocks like Micron Technology (MU) and Advanced Micro Devices (AMD) were at the forefront, with Micron posting an impressive gain of 17.16% and AMD up by 5.68%. Hardware companies (Dell, HPE, Arista, Vertiv, Super Micro) are the picks-and-shovels of the AI buildout: when memory and GPU demand accelerates, server, networking, and cooling orders follow.
The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks.
Xerox’s shares are extremely volatile and have had 57 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.
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The dynamic landscape of current events often brings forth significant discussions. Monitoring these developments provides crucial insights.
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