Super Micro stock soars 900% since 2023 on booming AI server demand, crushes Nasdaq returns
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Since 2023, Super Micro Computer (SMCI) stock has skyrocketed over 900% thanks to AI and data center demand, vastly outperforming peers like Nvidia.
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Super Micro manufactures high-performance servers and solutions optimized for AI, with over 70% of revenue from the U.S. market.
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Super Micro recently posted blowout earnings, with revenue doubling annually, and raised guidance to $14.3B-$14.7B.
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Strong backlog and capacity expansion position Super Micro for continued rapid growth as AI server market expands 50% annually.
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$1,000 invested in Super Micro's 2007 IPO would be worth nearly $100K today, dwarfing the Nasdaq Composite's 667% return over the same period.