'Don't Be a Hater,' Says Top Investor About Super Micro Computer Stock

The verdict was swift and painful last October for Super Micro Computer (NASDAQ:SMCI) when the company shared that its Q1 2026 revenues had hit a bump in the road. In a note released just a few days prior to its earnings call, SMCI reported that "design wins" had pushed some expected sales for Q1 into the following quarter.Claim 70% Off TipRanks PremiumUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential While some companies might receive the benefit of the doubt when sharing a hiccup or two, clearly SMCI isn't one of them. Though things have improved a bit in 2026, SMCI's share price has lost some 40% of its value over the past three months. In a sense, it seems that SMCI has yet to fully recover from the negative vibes around its previous accounting and compliance issues. However, one top investor known by the pseudonym Stone Fox Capital doesn't think that SMCI deserves to be "the most hated AI stock." "Investors should use the weakness to load up on the stock with the ability to both beat FY27 targets and rerate based on the boosted numbers," states the 5-star investor, who is among the top 3% of stock pros covered by TipRanks. Stone Fox points out that the demand for data centers remains piping hot. The investor cites a recent announcement from Meta Platforms' CEO Mark Zuckerberg, who shared his company's intention to build hundreds of GW or more as part of its "Meta Compute" initiative. Moreover, McKinsey & Company has forecasted that data center capacity will surge from 82 GW in 2025 to 219 GW in 2030, notes Stone Fox. The investor also mentions that much of this spend will be on technologies that SMCI is working on. The huge capex spend meshes with SMCI's forecast for future orders, further details Stone Fox. Therefore, Stone Fox expects the company to beat what the investor deems "relatively flat" revenue projections in the coming two years. "My investment thesis remains ultra-bullish on the stock, especially after falling back to yearly lows despite ongoing strong AI server demand," sums up Stone Fox, who rates SMCI a Buy. (To watch Stone Fox Capital's track record, click here) Wall Street, as Stone Fox mentions, isn't exactly showering SMCI with love. With 5 Buys, 5 Holds, and 2 Sells, SMCI carries a consensus Hold (i.e., Neutral) rating. Its 12-month average price target of $44.82 would translate into gains of ~37%. (See SMCI stock forecast)