Super Micro Computer Fueling the AI Revolution: Poised to Excel
Published Date: 30/06/2024
Discover the AI stock that's outperforming Nvidia and is predicted to surge another 70% according to Loop Capital.
The artificial intelligence (AI) revolution is in full swing, and according to one Wall Street analyst, things don't appear to be slowing down any time soon for one extremely well-positioned company. While most investors are gravitating toward chip leader Nvidia (NASDAQ NVDA) at the moment, AI is and will continue to mint other market winners as well.
Super Micro Computer (NASDAQ SMCI) has beaten Nvidia and is ready for a liquid cooling breakout. This year, the server-maker has already surged 212%, handily outperforming Nvidia's impressive 149% year-to-date gain. Supermicro has undoubtedly benefited handily from a close partnership with Nvidia as a preferred server partner. However, the company has also been gaining market share thanks to its in-house engineering prowess.
FAQs:
Q: What is the predicted surge in Super Micro Computer's stock?
A: Loop Capital predicts a 70% surge in Super Micro Computer's stock.
Q: How has Super Micro Computer performed this year?
A: Super Micro Computer has surged 212% this year, outperforming Nvidia's 149% year-to-date gain.
Q: What is Super Micro Computer's building block architecture?
A: Supermicro's building block architecture allows for fast, large-scale customization while also saving customers money by easily swapping and upgrading server parts.
Q: What is Direct Liquid Cooling (DLC) technology?
A: DLC technology is a method of cooling data centers that uses liquid to dissipate heat, reducing energy costs and increasing server density.
Q: Why is Super Micro Computer more advantaged than Nvidia?
A: Supermicro's servers can house any kind of AI chip, making it less dependent on a specific chip winner and more likely to see continued growth and share gains.