This Red-Hot Artificial Intelligence (AI) Company Just Joined Nvidia and AMD in the S&P 500: Is It Time to Buy?

If you've been investing in artificial intelligence (AI) stocks, then you're doubtless familiar with Nvidia. The chipmaker develops powerful graphics processing units (GPUs) that can be used to power accelerated computing, machine learning, and a variety of generative AI applications.

Another company that has been garnering much enthusiasm from investors is Nvidia's cohort, Super Micro Computing (NASDAQ: SMCI).

Unlike Nvidia, Supermicro does not design or manufacture chips. Instead, it designs integrated systems for it architecture, including storage clusters and server racks. The boom in demand for GPUs over the last year has served as a tailwind for Supermicro -- its revenue is currently growing by over 100% annually.

Source Fool.com