Super Micro Computer, Inc. (SMCI) Up 7.4% Since Jim Cramer Said "I'm Not A Beleiver"

We recently published Jim Cramer’s 20 Bold AI Predictions – See How They Played Out! Super Micro Computer, Inc. (NASDAQ:SMCI) is one of the stocks Jim Cramer recently discussed.

Super Micro Computer, Inc. (NASDAQ:SMCI) is a hardware and server equipment company that provides AI equipment, such as NVIDIA’s GPUs, to AI data center companies. Its shares have been the most turbulent in the AI sector since Cramer’s September remarks. They have gained a modest 7.4% after cratering by 47% in October after its auditor resigned following a short seller report of accounting impropriety. The shares then surged by 124% in February 2025 after the firm announced that it was offering NVIDIA’s Blackwell offerings and proceeded to assuage investors that it would file its earnings report. Here is what Cramer said about Super Micro Computer, Inc. (NASDAQ:SMCI):

“I’m not a believer in this, to be honest. I thought the Hindenburg report was good. I wouldn’t have been as enthusiastic if it weren’t for that filing the company made the next day. I think Super Micro is good, but when you read the Hindenburg report, it’s clear they need to improve their accounting practices, and that’s what worries me.”

While we acknowledge the potential of SMCI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.