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Super Micro Computer (SMCI) sounds like the kind of 1980s-style computer company name that I grew up with (as does their logo), but its old-school vibe hasn’t affected its new-school buzz. Between the AI and crypto bubbles, this stock has been propelled insanely high, and I’d say it has a LOT to prove to justify these levels.
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This sucker has a p/e of 90, and I think it’s plausible that, in a couple of years, as we’re examining the wreckage of an historic market crash, this stock will be charted out as one of the what-were-we-thinking exhibits.
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