Jim Cramer’s Latest Lightning Round: 8 Stocks in Focus

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

Number of Hedge Fund Holders: 45

Pointing to Cramer’s rule of “accounting irregularities equal sell”, a caller noted that Cramer recently congratulated the company. Hence, he asked Cramer if he thought it was time to start building a position in Super Micro Computer, Inc. (NASDAQ:SMCI). Cramer replied:

“There are still remedies that are needed. Until all the remedies happen, I am not going to approve it. In the meantime, that industry has become very cutthroat. Look at HPE today. If you want to know the winner in that space, it’s going to be Michael Dell and I do say at this level that it would be a good idea to buy Michael Dell’s company. It is so low, it sells, it’s nine times earnings and Michael Dell is fantastic at what he does and also probably one of the most charitable people I’ve ever met.”

Super Micro Computer (NASDAQ:SMCI) focuses on designing and manufacturing advanced server and storage solutions.