Supermicro Stock Soars 300% as AI Chip Demand Fuels Server Growth
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Nvidia stock has soared over last year due to AI demand, but Super Micro Computer (SMCI) stock is up even more - nearly 300% in 2023.
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Supermicro makes servers and components needed to support AI systems. It counts Nvidia and AMD as customers.
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Supermicro stock has massively outperformed the broader market. It's set to join the S&P 500.
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Wall Street sees more upside for Supermicro - Bank of America, Wells Fargo and Goldman recently started coverage with buy ratings.
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Supermicro's US manufacturing and relationships with top AI chipmakers gives it a competitive edge.