2023-12-06 05:30:00 ET
You've probably heard about artificial intelligence (AI) at some point this year and how investors should include stocks with AI connections in their portfolios. That has some merit, but be careful chasing the stocks everyone is already talking about. There is a good chance that the stock everyone loves will disappoint you. It's very hard to be above average when you're doing what everyone else is.
Enter Super Micro Computer (NASDAQ: SMCI) . The stock is less front-facing to the public when it comes to AI potential than Nvidia (NASDAQ: NVDA) or Palantir (NYSE: PLTR) , but its growth prospects and modest valuation make it an appealing stock idea worth considering. Here is why.
AI is seemingly everywhere today, but ironically, Super Micro Computer has been around since the early 1990s. The company specializes in designing and building large-scale computing systems. More specifically, massive data centers that handle cloud work and other highly demanding applications.
For further details see:
Is Super Micro Computer Stock a Buy?