Posted 2/22/2024, 3:56:00 PM
Super Micro Stock Soars 700% on AI and Data Center Tailwinds, Outpacing Even Nvidia
- Super Micro's stock has rallied over 700% in the past year and continues to surge, eclipsing even Nvidia's gains
- Super Micro is riding investor enthusiasm around AI and chips after Nvidia delivered strong earnings
- Nvidia predicts data center market could double in next 5 years to $2 trillion market
- Super Micro makes liquid cooling tech that is increasingly important for power-hungry AI workloads
- Super Micro announcing $1.5B convertible debt offering, but stock momentum continues despite potential dilution