Super Micro Computer (SMCI) has been making waves in the stock market, outperforming even the likes of Nvidia, the AI chip superstar. With a staggering 67% increase in 2024 and a total gain of nearly 500% since the end of 2022, this under-the-radar stock is catching the attention of investors.
Super Micro Computer, also known as Supermicro, specializes in high-performance and high-efficiency server and storage systems, particularly well-suited for AI applications. The company’s server systems, powered by Nvidia GPUs, have proven to be crucial in maximizing throughput, eliminating bottlenecks, and minimizing latency, ultimately improving performance for intensive AI workloads.
Following in the footsteps of Nvidia, Supermicro’s technology and its utility in running AI models are driving significant growth for the company. With the recent preliminary results for its fiscal second quarter surpassing forecasts made in November, it’s clear that Super Micro Computer is on a trajectory for success in the AI market.
As the AI boom continues to drive demand for GPU-based servers, Super Micro Computer stands out as a promising player in the industry. Investors are now turning their attention to this under-the-radar stock, considering whether it’s a smart buy in the current market.
