Super Micro Computer Stock Popped Again Today. Is It Time to Buy?

Shares of Super Micro Computer (NASDAQ: SMCI), the once high-flying artificial intelligence (AI) server stock, were back on the move again today. After plunging over a period of several weeks over concerns that began with a short-seller attack and a delay in its 10-K filing, the stock has rebounded sharply since Nov. 15 as the company hired a new auditor and submitted a plan to stay in compliance with the Nasdaq stock exchange. There was no company-specific news out on the stock today, but shares continued their march higher as investors seemed to believe the risk in the stock was significantly reduced since it filed to stay in compliance and hired a new auditor.