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Super Micro Computer's (SMCI) stock has underperformed the Technology Select Sector SPDR Fund (XLK) with a 63.3% decline from its 52-week high and a 21.6% drop over the past 52 weeks. The stock has also underperformed peer Arista Networks, Inc. (ANET), and dropped below its 50-day and 200-day moving averages. Despite this, SMCI's adjusted EPS beat consensus estimates by 25%, and its mean price target suggests a 41.9% upside potential from current price levels.

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