Amazon, Super Micro Computer, Palantir Positioned to Capitalize on AI Boom
• Amazon's growth is being driven by Amazon Web Services and advertising, making it a potential top AI stock. The company has seen substantial increases in free cash flow and profitability recently.
• Super Micro Computer's modular servers are being used to mount Nvidia's AI graphics cards. With booming demand for Nvidia chips, Supermicro's solutions stand to benefit. The company aims for $3.7 billion in sales this quarter.
• Palantir Technologies has gained over 100 new clients due to its AI platform. Its commercial revenue grew 70% year-over-year in Q4 2022. The company has no debt and a rising customer count.
• A Bank of America analyst has a price target of $1,280 for Super Micro Computer stock, believing it is well-positioned in the AI server market space.
• A Wedbush analyst calls Palantir Technologies the "Messi of AI" and has a price target of $35 for the stock.