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San Jose, California-based Super Micro Computer, Inc. (SMCI) develops and manufactures high-performance server and storage solutions based on modular and open architecture. With a market cap of $14.6 billion, the company's operations span the United States, Europe, Asia, and internationally.
Super Micro Computer has significantly lagged behind the broader market over the past year. SMCI stock has plummeted 8.4% on a YTD basis and gained 2.1% over the past 52 weeks, compared to the S&P 500 Index’s ($SPX) 19.8% gains on a YTD basis and 31.1% returns over the past year.