2024-02-13 10:26:23 ET
Summary
- Super Micro Computer has outperformed Nvidia in recent months with shares surging over 100% since the beginning of 2024.
- SMCI has surpassed Nvidia in terms of long-term performance, with a 5-year return of 4,300% compared to Nvidia's 1,800%.
- Supermicro operates as an infrastructure company specializing in data center hardware and software, which is in high demand due to advancements in AI.
NVIDIA Corporation ( NVDA ) has enjoyed the limelight in the market for over a year, but another stock has arguably outshone Nvidia in recent months - Super Micro Computer, Inc. ( SMCI ).
Since the beginning of 2024, SMCI shares have surged by over 100%, soaring from around $320 per share to $740 per share. This remarkable ascent, even amidst the current AI fervor, is quite substantial....
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Super Micro Computer: This Tech Stock Has Already Doubled In 2024