Supermicro Stock (SMCI) In BIG Trouble: Buy the Dip?! - Video

SMCI stock saw an over 2,900% gain since AI started to hype up in 2022, but after it reached an all-time high in March of 2024, its stock price has been on a nosedive.

Super Micro Computer builds the infrastructure required to do AI at scale using Nvidia, AMD, and Intel chips, and their stock, SMCI, was super hot during the initial phases of the AI bubble.
But what’s going on with the company right now is crazy especially this week, as SMCI shares plunged another 40% after its auditor, EY, dumped them as a client, saying they don’t wanna be associated with them because they’re doing some shady stuff.

This is after the US Department of Justice started investigating Super Micro, allegedly finding glaring accounting red flags.

As an AI investor, would you buy the dip, hold, or sell now to cut your losses?

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