3 Artificial Intelligence Stocks Down More Than 50% From Their 52-Week Highs. Could They Be Bargain Buys Right Now?
For the fiscal year ended June 30, Supermicro's sales totaled $14.9 billion, up 110% year over year. Profits also jumped from $640 million to $1.2 billion. However, the latest earnings report alarmed investors as its gross margin has been shrinking, which could drastically hinder its earnings outlook should that trend continue.