Super Micro SMCI stock prediction: $64 bull vs $19 bear

Super Micro Computer is not a margin recovery story yet, whatever the last earnings print looked like. The market read the 11 August report as a turnaround — a 17.5% gross margin against 9.9% three months earlier — and bid the stock up. But the same filing shows something the celebration skipped: Supermicro's full-year gross margin for fiscal 2026 was 10.8%, down from 11.1% in fiscal 2025. Revenue…