Thanks @elonmusk for leading the liquid cooling technology to large AI data centers! This may lead to preserving 20 billion trees for our planet❤️ pic.twitter.com/oJ48Dw3YVF That's a nice tweet, and certainly indicative that Super Micro's customer base is fast growing. SMCI Stock Higher on Musk Partnership In late June, news broke that Musk's xAI would be partnering with Super Micro to provide hardware that the AI company needs for its supercomputer. The tweet from Liang furthers that catalyst. On the date ...

Despite the pullback and volatility seen in SMCI stock during the just completed second quarter, the company's share price is up 188% year to date, making it the best performing stock in the benchmark S&P 500 index. Super Micro Computer makes data centers that power artificial intelligence models and applications. To say that the company's products are in high demand is an understatement. The maker of high-efficiency servers reported first-quarter EPS of $6.65 compared to $5.78 that was expected among analy ...

Sustaining such gains is an ambitious but not impossible goal. However, a key partnership with Nvidia has changed the game for Supermicro (as the company is commonly called). Consequently, its stock is up 190% in the first half of this year. With its massive gains, investors are right to ask whether that momentum can continue through the second half of 2024. Supermicro is a technology hardware company known for producing energy-saving, environmentally friendly tech products for the cloud, metaverse, and oth ...

While most investors are gravitating toward chip leader Nvidia (NVDA -0.36%) at the moment, AI is and will continue to mint other market winners as well. In fact, one S&P 500 AI company has outperformed even Nvidia this year. And despite this stock's impressive 2024 run, one Wall Street analyst predicts another 70% surge. Supermicro has undoubtedly benefited handily from a close partnership with Nvidia as a preferred server partner. However, the company has also been gaining market share thanks to its in-ho ...

Super Micro Computer (NASDAQ:SMCI) stock still has multiple, strong, positive catalysts. Among them are the rapid growth of artificial intelligence, the firm's ongoing, critical competitive advantages and its market share gains. Also importantly, the valuation of Super Micro Computer stock remains very attractive while worries about its profit margins are overdone. Given these points, I continue to recommend investors buy Super Micro Computer stock. AI Continues to Grow Rapidly Super Micro sells servers, ra ...

Core Insights - xAI, founded in 2023, aims to compete with AI leaders like OpenAI and Google, leveraging partnerships with Dell Technologies and Super Micro for essential hardware [2] - Super Micro is positioned to capture a larger share of the AI server market, with potential for margin growth, presenting a bullish investment thesis [3] - The company is expected to see significant revenue growth, with projections indicating a doubling of revenue and earnings in 2024 [5] Company Performance - Super Micro's stock has gained investor interest due to its strong position in the AI server market, with over half of its revenue derived from AI GPU platforms [17] - In Q4 2023, Super Micro reported a 37% increase in revenue and a 115% rise in earnings, primarily driven by AI server sales [19] - The company anticipates a 110% revenue increase in 2024, despite challenges in gaming GPU sales and data center chip demand [19] Market Dynamics - Super Micro's partnership with Nvidia is crucial for accessing high-end GPUs, while also integrating AMD's GPUs to diversify its offerings [9] - Nvidia holds an 88% market share in GPUs, but Super Micro aims to leverage its partnerships for substantial market expansion [21] - The demand for AI technology is expected to drive Super Micro's growth, with revenue projected to rise by 58% until 2026 [13] Strategic Developments - Super Micro has expanded production in Malaysia, Taiwan, and Silicon Valley to meet increasing demand, utilizing next-gen Intel XEON and AMD Turin platforms [11] - The company recently unveiled its SuperCluster lineup, capable of supporting up to 512 Nvidia GPUs, which could lead to significant expenses exceeding $20 million in GPU costs [14] - Following Elon Musk's announcement regarding the supercomputer project, Super Micro's stock experienced an increase of over 8% [18]

Pullback, shmullback. Sure, Nvidia's (NVDA 6.76%) share price has retreated somewhat in recent days. But that doesn't negate the fact that the chip stock has soared 154.9% year to date. Nvidia remains a huge winner for investors. There are at least a couple of reasons behind this big winner's super performance this year. Super Micro Computer's (SMCI 1.95%) shares have skyrocketed 196.6% so far in 2024. Its gain was even more impressive earlier this year. Super Micro stock was up a jaw-dropping 318% year to ...

SMCI stock chart Therefore, amidst all this, investors are focused on the technicals to find the next potential direction. On the daily chart, we see that the stock has constantly remained above the 100-day and 200-day Exponential Moving Averages (EMA). At the same time, the stock has remained above the crucial support level at $670, its lowest point in April this year. It has also moved above the important support at $740, its lowest swing in June. Additionally, the SMCI stock price has remained between th ...

For instance, a $1,000 investment made in the Nasdaq-100 Technology Sector index a decade ago is now worth more than $5,000. Of course, the index has had its ups and downs during these 10 years, but investors who were savvy enough to put their money into potential long-term winners have seen their investments grow significantly. This is a smart move. The demand for liquid-cooled data centers is expected to grow at an annual pace of over 24% through the next decade, generating almost $40 billion in revenue i ...

Super Micro Computer (SMCI 5.22%) stock was surging Thursday morning to continue a strong push higher for the supplier of data center servers. Shareholders can thank Elon Musk for today's move. After jumping more than 10%, shares were still trading higher by 7.7% as of 11:30 a.m. ET. Elon Musk's AI supercomputer xAI has been reportedly planning to build a supercomputer to power the newest version of its AI chatbot named Grok. That's great news for Supermicro as it continues to grow revenue as AI data center ...