2024-04-20 10:15:00 ET
The "Magnificent Seven" stocks have captivated investors over the past year thanks to their collective contributions to the artificial intelligence (AI) revolution. Perhaps the most closely followed is Nvidia , which specializes in graphics processing units ( GPU ) and data center services. Both of these computer network applications are important pillars for generative AI.
One of Nvidia's closest allies is IT infrastructure company Super Micro Computer (NASDAQ: SMCI) -- often known as Supermicro. Its business is experiencing something of a renaissance at the moment, and that's thanks to inbound business from Nvidia. With its shares having soared 780% over the last year, some investors may think the Supermicro train has left the station.
Let's break down Supermicro's entire business and assess if now is a good opportunity buy shares in this artificial intelligence (AI) innovator.
For further details see:
Is It Too Late to Buy Super Micro Computer Stock After It Soared 780%?