Is Super Micro Computer Stock a Buy?
The boom in artificial intelligence (AI) may be hitting its next leg. just reported accelerated cloud computing growth due to AI, while OpenAI's ChatGPT is gaining hundreds of millions of users around the globe. One stock benefiting from this recovery is Super Micro Computer (NASDAQ: SMCI). The data center assembler is up around 20% in the last month and just got an upgrade from a Wall Street analyst.
Should you buy Super Micro Computer stock to for the next leg up in AI?
In the last five years, Super Micro Computer's revenue is up over 500%. This is due to the growing spending on data center solutions from AI infrastructure providers like Microsoft. Super Micro Computer is an expert in assembling data centers with advanced computer chips from the likes of Nvidia, where Super Micro Computer spends a lot of money.
Source Fool.com
Microsoft Corp. Stock
Our community is currently high on Microsoft Corp. with 164 Buy predictions and 5 Sell predictions.
With a target price of 501 € there is a positive potential of 48.29% for Microsoft Corp. compared to the current price of 337.85 €.
