Super Micro Computer (SMCI) stock has spent most of the past 52 weeks battling a storm of controversy and reassuring rattled investors. A steady drip of damaging headlines, including allegations of accounting manipulation, the sudden exit of its auditor EY, and delays in filing key financial reports, has cast a long shadow over this once high-flying artificial intelligence (AI) player. At one point, fears of a potential Nasdaq delisting gripped the market. And while that threat has since eased, the lasting negative impact on investor sentiment remains.

To make matters worse, CNBC’s outspoken host Jim Cramer recently took a jab at the company during a segment, saying he’s “sick of Super,” mockingly referring to it as the “not so Super Micro.” The CNBC host didn’t mince words, and urged investors to look elsewhere in the AI server space - suggesting Dell (DELL) as a more stable alternative. The sharp commentary from Cramer, known for his closely followed takes, has SMCI stock under the glare of Wall Street's spotlight once again. 

About Super Micro Computer Stock

San Jose-based Super Micro Computer, Inc. (SMCI) designs powerful, energy-smart server systems built to meet the rising needs of AI, cloud services, and enterprise data centers. Operating across the U.S., Taiwan, and the Netherlands, SMCI maintains a broad international presence. The company’s market cap currently stands at $26.23 billion.

Super Micro Computer shares have been undoubtedly volatile, shaken by the delayed fiscal 2024 filings that brought the company to the edge of a Nasdaq delisting. While the stock remains deep in the red over the past year, down almost 49%, SMCI has staged an impressive rebound in 2025, surging 51.4% year-to-date. The comeback has been fueled by a string of positive developments, including a high-profile AI partnership and bullish commentary from Wall Street analysts.

Super Micro’s Fiscal Q3 Earnings Snapshot

On May 6, Super Micro unveiled a lackluster fiscal 2025 third-quarter earnings report that missed expectations across the board. Although net sales climbed 19.5% year-over-year to $4.6 billion, the top-line result fell well short of analysts’ $5.1 billion forecast. The profit story was even more troubling, with adjusted EPS dropping 53% annually to $0.31, about 11.5% below estimates. 

As of March 31, 2025, Super Micro’s cash stash of $2.54 billion just barely outweighed its $2.49 billion in bank debt and convertible notes. 

CEO Charles Liang acknowledged that “some customers delayed making platform decisions in the quarter” but expressed confidence that commitments will materialize in the coming June and September quarters. While Liang noted that economic uncertainty and tariffs could create short-term headwinds, he emphasized Super Micro Computer's strong positioning to seize long-term growth opportunities in the expanding market.

SMCI offered investors a sobering preview of its fiscal fourth quarter, which once again fell short of Wall Street’s expectations. The company is forecasting adjusted EPS between $0.40 and $0.50 on revenue ranging from $5.6 billion to $6.4 billion. However, analysts were expecting earnings around $0.66 per share and revenue hitting $6.65 billion. 

Adding to the disappointment, Super Micro lowered its full-year 2025 revenue guidance to a range of $21.8 billion to $22.6 billion, down from the earlier projection of $23.5 billion to $25 billion, signaling growing caution amid a challenging market environment.

What Do Analysts Expect for Super Micro Stock?

Contrary to Jim Cramer’s frustration with Super Micro, Raymond James delivered a bullish verdict on May 13, helping to fuel a sharp 16% surge in the stock. The firm initiated coverage with an “Outperform” rating and a $41 price target, highlighting SMCI’s leadership in AI-optimized infrastructure, where AI now drives nearly 70% of revenue. 

Raymond James praised SMCI's unique position between major IT suppliers and contract manufacturers, alongside its expanding U.S. manufacturing footprint. While acknowledging past hurdles like internal control concerns and margin pressure, the analysts see strong long-term growth potential and a clear path to a re-rating for Super Micro as an AI infrastructure powerhouse.

Overall, Wall Street appears to be somewhat optimistic on SMCI stock, with a consensus “Moderate Buy” rating - up from “Hold” two months ago. Of the 16 analysts offering recommendations, four are giving it a solid “Strong Buy,” three suggest a “Moderate Buy,” seven advocate “Hold,” and the remaining two maintain a “Strong Sell.”

Price targets indicate a wide range of expectations for SMCI. The average analyst price target of $44.16 is a modest discount to Friday's close, while the Street-high price target of $100 suggests that SMCI could more than double from here.