Goldman Sachs’ Stocks With Highest Consensus Returns: 42 Stocks With The Highest Consensus ROE

32. Super Micro Computer, Inc. (NASDAQ:SMCI)

Consensus ROE: 8%

Number of Hedge Fund Investors in Q2 2024: 47

Super Micro Computer, Inc. (NASDAQ:SMCI) is a Taiwan based networking and server products provider. In today’s AI era which has increased industry interest in data centers, the firm’s business model means that it can be one of the key AI enables. As a result, Super Micro Computer, Inc. (NASDAQ:SMCI)’s shares had gained 316% between January and March and 97% between January and late August before a short seller report claimed accounting manipulations and other improprieties. Since then, the stock is down 16% and has failed to move upward despite the fact that Super Micro Computer, Inc. (NASDAQ:SMCI) recently announced that it is delivering 100,000 liquid cooled GPUs to AI factories every year. Some of this pessimism appears to be stemming from a delayed annual report filing, as investors appear to be waiting to learn about the results of the firm’s internal control investigations.

Artisan Partners had some interesting comments about Super Micro Computer, Inc. (NASDAQ:SMCI) during its Q2 2024 investor letter. Here is what the fund said:

“Super Micro Computer manufactures server racks for central processing units and GPUs that have experienced an artificial intelligence-driven uptick in demand from its cloud and enterprise customers. This company has been on our radar for years, and we met with them in our Milwaukee offices in early 2023. However, we don’t consider the stock investable given corporate governance issues.