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Is Super Micro Computer Stock a Buy Now?

TheMotleyFool

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Is Super Micro Computer Stock a Buy Now?Photo, wide shot, wide-angle lens, Computer hardware manufacturer, Midday, harsh overhead sunlight, directional sunlightt, photo by Marc Adamus: https://img.theapi.app/temp/ec495607-1e17-40ee-a41d-7726313a9707.png

Nvidia (NASDAQ: NVDA) stock may have claimed the mantle as the leader of the artificial intelligence (AI) revolution, but one AI stock has outperformed it. That's Super Micro Computer (NASDAQ: SMCI), a maker of high-density servers and storage equipment that, like Nvidia, has seen a surge in demand during the AI boom as its products are well-suited to run demanding AI models like ChatGPT.

As you can see from the chart below, Supermicro stock has soared since the start of 2023, beating out Nvidia, even though it has pulled back in recent weeks.