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Super Micro Stock Is Up Over 300% This Year. Does That Mean It Is too Late to Buy?

TheMotleyFool 
0 0 13.03.24
Super Micro Stock Is Up Over 300% This Year. Does That Mean It Is too Late to Buy?: https://g.foolcdn.com/editorial/images/768705/technician-monitors-servers-with-laptop-at-data-center.jpg
 

Amid the growing interest in artificial intelligence (AI) companies, one surprise is arguably Super Micro Computer (NASDAQ: SMCI). The company existed since 1993, but investor interest did not take off until its AI servers got the attention of investors.

Now, a partnership with Nvidia seems to have supercharged the stock. So strong is its performance that the tech stock has risen by about 310% since the beginning of the year. Many investors are likely disappointed for having missed that increase, but does the recent growth make it too late to buy? Let's take a closer look.

Super Micro is a rack-scale IT solutions provider. IT stands out by producing servers, switches, storage systems, and software that use less energy and are friendly to the environment. In its more than 30 years in business, IT has become a top server vendor, acquiring over 6 million square feet of manufacturing space and establishing operations in over 100 countries.

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Source Fool.com

I.T. Ltd Stock

€0.31
-0.640%
The price for the I.T. Ltd stock decreased slightly today. Compared to yesterday there is a change of -€0.002 (-0.640%).

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