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Nvidia Just Dropped Great News for Super Micro Computer Stock

TheMotleyFool

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Nvidia Just Dropped Great News for Super Micro Computer Stock: https://g.foolcdn.com/editorial/images/769120/person-with-a-tablet-in-a-data-center.jpg

Share prices of Super Micro Computer (NASDAQ: SMCI) took off in the past year, gaining 1,180% as of this writing, and a big reason behind the stock's red-hot surge is the booming demand for Nvidia's (NASDAQ: NVDA) artificial intelligence (AI) graphics cards.

Supermicro's modular server rack-scale systems are being used to mount AI-related graphics cards from Nvidia, as well as other chipmakers. As the demand for Nvidia's cards has increased, Supermicro has also witnessed a terrific jump in demand for its server solutions, leading to rapid growth in the company's top and bottom lines.