Last year, the tech sector was abuzz with excitement about artificial intelligence (AI). The “Magnificent Seven” and other megacap enterprises made significant gains, propelling the Nasdaq Composite over 40%. The momentum from AI has carried into 2024, contributing to the S&P 500 reaching record highs.
Within the realm of AI, semiconductors have emerged as a major theme. Nvidia’s dominance in chip manufacturing drove its stock up by over 200% last year.
Despite the focus on semiconductor companies, there are other opportunities to consider. Super Micro Computer (NASDAQ: SMCI), with a market cap of just $28 billion, may not be on your radar. The company specializes in designing server and storage solutions, leveraging Nvidia’s and Advanced Micro Devices’ GPU systems.
As investors flock to semiconductor stocks, it’s worth conducting a thorough analysis of Super Micro’s potential…
2024-02-03 06:20:00
Source from finance.yahoo.com