Could Super Micro Computer Stock Help You Become a Millionaire?
Super Micro Computer (NASDAQ: SMCI), more commonly known as Supermicro, has likely made enormous profits for investors over the years. The producer of high-performance servers went public at $8 on March 29, 2007, and it now trades at about $423.
A $20,000 investment in Supermicro stock at the time of its IPO would be worth $1.06 million today. The lion's share of those gains, however, occurred within the past couple of years.
Supermicro's growth was driven by robust sales of its high-end servers, and those sales have accelerated as the artificial intelligence (AI) market expanded. Its close partnership with Nvidia (NASDAQ: NVDA) also granted it access to the chipmaker's top-tier server GPUs before Supermicro's larger competitors, and the company carved out a high-growth niche in the saturated server market.
Source Fool.com
