NVDA - 1 Top Artificial Intelligence (AI) Stock to Buy Before It Soars 70% According to Loop Capital
2024-06-30 03:30:00 ET
The artificial intelligence (AI) revolution is in full swing, and according to one Wall Street analyst, things don't appear to be slowing down any time soon for one extremely well-positioned company.
While most investors are gravitating toward chip leader Nvidia (NASDAQ: NVDA) at the moment, AI is and will continue to mint other market winners as well. In fact, one S&P 500 AI company has outperformed even Nvidia this year. And despite this stock's impressive 2024 run, one Wall Street analyst predicts another 70% surge.
This year, server-maker Super Micro Computer (NASDAQ: SMCI) has already surged 212%, handily outperforming Nvidia's impressive 149% year-to-date gain.
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1 Top Artificial Intelligence (AI) Stock to Buy Before It Soars 70%, According to Loop Capital