Jim Cramer Was Right About Not Buying Super Micro’s (SMCI) Shares

Super Micro Computer Inc. (NASDAQ:SMCI) is one of the 20 Stocks Jim Cramer Wanted You To Sell & Immediately Get Out Of.

Super Micro Computer Inc. (NASDAQ:SMCI), the AI server manufacturer, was one of the most controversial stocks on the market in late 2024 and early 2025. Its shares are down by 36% over the past year and by 24% year-to-date. Since Cramer’s comments on Mad Money, Super Micro Computer Inc. (NASDAQ:SMCI)’s stock has lost 24%. Among several dips during this period, one occurred in August when the stock closed 18% lower on August 6th. On that day, the firm posted $5.76 billion in revenue and $0.41 in adjusted earnings per share. Both of these missed analyst estimates of $5.89 billion and $0.44. Similarly, Super Micro Computer Inc. (NASDAQ:SMCI)’s fiscal first-quarter revenue and earnings guidance also fell short of estimates. In 2026, the stock closed a whopping 33% lower on March 20th on the day the firm’s co-founder was charged with smuggling AI hardware to China. Here is what Cramer had said about Super Micro Computer Inc. (NASDAQ:SMCI) on January 14th:

“I have very strict rules in companies that have accounting issues and that is sell. It doesn’t matter. I don’t care, and that’s it. Accounting irregularities equals sell. It’s made me a lot more money and saved me a lot more than any of the rules that I have.”

Jim Cramer Was Right About Not Buying Super Micro's (SMCI) Shares

Pixabay / Public domain

While we acknowledge the risk and potential of SMCI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than SMCI and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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