SMCI - Is Super Micro Computer Stock a Good Buy Right Now?
2024-07-13 13:16:00 ET
Enthusiasm around artificial intelligence (AI) has played a big role in pushing the markets higher so far this year. Although big tech stocks such as Nvidia and Microsoft have witnessed outsize buying activity, many investors have been looking at less obvious choices in hopes of identifying the next big AI opportunity.
One such company that has experienced its share of hype is Super Micro Computer (NASDAQ: SMCI) . Shares of the AI darling are up 234% over the last year, and 218% just in 2024.
While Supermicro has been closely affiliated with Nvidia, the underlying business is actually quite different -- and in my opinion, I think it's far less lucrative.
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Is Super Micro Computer Stock a Good Buy Right Now?