Is It Finally Time to Take Profits in Super Micro Computer Stock?

By Parkev Tatevosian, CFA – Mar 7, 2024 at 8:00AM

NASDAQ: SMCI

Super Micro Computer

Market Cap

$50B

Today's Change

(8.89%) $70.04

Current Price

$857.44

Price as of April 26, 2024, 4:00 p.m. ET

Super Micro Computer stock is soaring due to rising demand to implement artificial intelligence capabilities.

Fool.com contributor Parkev Tatevosian evaluates Super Micro Computer (SMCI 8.89%) stock and provides guidance on profit-taking.

*Stock prices used were the afternoon prices of March 4, 2024. The video was published on March 6, 2024.

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool recommends Super Micro Computer. The Motley Fool has a disclosure policy.

Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.