Super Micro Computer stock was rising at the start of the holiday week.Shares of the server maker, whose stock has swung dramatically this year, were up 1.6% at $32.09 after the market opened Monday.

Shares of Super Micro Computer have surged since the company's IPO, and the stock's forecast should catch investors' attention.

Super Micro Computer's volatility and short interest make it a risky pick. Learn why SMCI stock is downgraded to sell amidst growing uncertainty in its outlook.

First, let's take a look back at Supermicro's stock as it entered 2024. There were a lot of signs pointing toward Supermicro having a ton of success because it makes components for computing servers as well as assembling full technology racks.

Super Micro Computer (NASDAQ:SMCI) shares have been on a wild ride thus far in 2024. After surging to a new all-time high in Q1 following the intense hype artificial intelligence brought to companies like Super Micro who are clear beneficiaries (a high of more than $120 per share),