AI Boom Fuels Demand for Super Micro and Other Hardware Stocks
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Super Micro Computer shares surged to record highs this week as the company is poised to benefit from growing demand for AI infrastructure.
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The company provides computing, storage, and networking solutions used by major AI players like Nvidia, AMD, and Intel.
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J.P. Morgan analysts said network and hardware providers like Arista, Dell, HP Enterprise, and Coherent are "forgotten winners" that stand to gain from the AI boom.
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These companies provide cloud networking, servers, and optics that support and enable their AI chipmaker customers.
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Analysts highlight significant growth opportunities for these hardware and networking stocks as AI adoption continues accelerating.