SMCI - Better AI Stock: Super Micro Computer vs. IonQ
2023-11-08 06:38:00 ET
Super Micro Computer (NASDAQ: SMCI) and IonQ (NYSE: IONQ) both saw their stocks soar amid the buying frenzy in artificial intelligence (AI) stocks over the past year. Shares of Super Micro Computer, more commonly known as Supermicro, surged 211% this year as its sales of dedicated AI servers skyrocketed. IonQ's stock rallied 236% as it dazzled investors with the rapid expansion of its quantum computing systems -- which can process AI tasks much faster than traditional computers.
But should investors buy either of these high-flying AI stocks today? Let's review their business models, growth rates, and valuations to decide.
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Better AI Stock: Super Micro Computer vs. IonQ