AI Stock Hype Boosts Vertiv and Super Micro Computer to New Highs

Artificial intelligence hype has boosted stocks like Vertiv and Super Micro Computer, which cleared new buy points recently.

Vertiv and SMCI stocks have seen huge gains in 2023, up about 200% and 280% respectively year-to-date.

Both companies have seen increasing mutual fund ownership, a bullish sign of institutional interest.

However, traders should watch for extended stocks too far above the 50-day moving average before buying.

IBD experts say these artificial intelligence-related stocks are ones to watch closely right now.