Shares of Super Micro Computer (SMCI) took a significant hit on Aug. 7, closing over 20% lower. This drop in Super Micro stock followed the company’s lower-than-expected earnings for its fourth quarter (Q4) of fiscal 2024. SMCI stock is now down approximately 60% from its 52-week high of $1,229, reflecting a broader sell-off in tech stocks amid challenging macroeconomic conditions and growing competition, which could impact its margins. The company reported an impressive 143% year-over-year increase in the top line in Q4. Moreover, its revenue of $5.31 billion came in slightly ahead of analyst…