AI Boom Fuels 800% Gains for Server Maker SMCI, 100% Surge for Chipmaker Micron as Nvidia Leads New Bull Market
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Artificial intelligence (AI) stocks like Nvidia have seen huge gains recently and are driving a new bull market. Many top tech CEOs think the AI revolution is still early.
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Super Micro Computer (SMCI) shares are up over 800% in the past year due to surging demand for its AI servers. Strong growth, reasonable valuation, and large AI opportunity could fuel another doubling.
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Micron Technology (MU) shares have doubled over the past year. Tailwinds like recovering chip sector, AI demand growth, supply tightness, and record revenue projected for 2025 could spur further 100%+ gain.
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Both Supermicro and Micron are seeing booming demand from AI applications and stand to benefit greatly from the continued rise of AI.
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Though they have already doubled this past year, their upside from the AI mega-trend means both stocks have potential to double again in the coming years.