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

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 shares are flat Thursday, down 13% over the past five sessions. The stock may face headwinds as the Federal Reserve on Wednesday signaled a more cautious approach to rate cuts.

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.

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),