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There have been few companies as stomach-wrenching to watch and own as Super Micro Computer (SMCI). Shares of the server and storage company had been on a tear, driven higher by expectations that artificial intelligence technology will spur a wave of investment in data centers and the necessary underlying technology like the cooling solutions Supermicro offers.
To a large extent, this wave of investment has played out, and Super Micro has seen incredible top- and bottom-line growth in past quarters attributed to a surging backlog.