2024-08-06 04:10:00 ET
Super Micro Computer (NASDAQ: SMCI) has already been winning thanks to demand in the artificial intelligence (AI) space. The company, a seller of servers, workstations, and full rack scale solutions, has been around for 30 years -- but growth actually took off just a few years ago as companies began to invest in AI. This has helped Supermicro's earnings soar. And earlier this year the company reported its first $3 billion quarter -- an amount that represented full-year revenue as recently as 2021.
All of this has helped Supermicro stock to soar. The shares even outperformed those of AI chip giant Nvidia in the first half -- gaining 188% while Nvidia advanced 149%. But I don't think Supermicro's growth will stop here. Instead, my prediction is this company will become one of the biggest AI winners by 2030, and this is thanks to one particular trend.
Image source: Getty Images.
For further details see:
Prediction: Super Micro Computer Will Become 1 of the Biggest AI Winners by 2030 Thanks to This 1 Trend.