$1,000 invested in SMCI stock at start of 2024 returned

Starting the year close to $146 and ending it just under $500, the stock of the semiconductor blue-chip giant and Jim Cramer’s dog’s namesake, Nvidia (NASDAQ: NVDA) was one of the biggest stock market stars of 2023. Indeed, a $1,000 investment in the company at the beginning of last year would have, by late December, become approximately $3,500 and, by mid-February 2024, about $5,000.This year, however, another stock captivated investors with its incredible rise – even bigger and faster than Nvidia’s last y ...