2024: Super Micro Computer's stock rises 200%, down 30% from all-time high, driven by AI demand for customizable servers with Nvidia GPUs.
Super Micro Computer (SMCI) has seen a 200% rise in 2024, but is down 30% from its all-time high. The company is growing quickly due to AI demand, making customizable servers packed with GPUs, primarily from Nvidia. With the stock about $400 off its highs, some investors consider this a 'buy the dip' opportunity, given Super Micro's similarity to Nvidia's investment style.
May 11, 2024
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