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Super Micro Computer (SMCI) stock has corrected 51% from its high of $66.44 to $32.64, fueled by a Q1 revenue miss. However, the stock is attractively valued, and an improvement in Q2 numbers can change sentiments. SMCI is one of the most shorted stocks by hedge funds, making it a potential short squeeze candidate for 2026. The company has guided for Q2 revenue of $10 billion to $11 billion, which is ahead of analyst consensus.

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