Super Micro Computer shares increased 188.2% in first half of 2024, with a 300% year-to-date rise by March due to strong Q2 financials.
Super Micro Computer shares skyrocketed 188.2% in the first half of 2024, with a 300% year-to-date increase by March. This was due to a business update on Jan. 18 and a positive Q2 financial report on Jan. 29, exceeding initial net sales predictions of $2.8B in Q2 to $3.6B. Despite the impressive gains, shares are now down 20% from the 2024 high, reflecting investor sentiment.
July 13, 2024
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