"1 Wall Street Analyst Predicts 65% Soar for Cheap AI Stock, Missed Out on Nvidia?"

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Source: The Motley Fool
"1 Wall Street Analyst Predicts 65% Soar for Cheap AI Stock, Missed Out on Nvidia?"
Photo: The Motley Fool
TL;DR Summary

Super Micro Computer (SMCI) is an AI stock that has outperformed Nvidia this year and remains incredibly cheap. Supermicro provides high-end servers, storage solutions, and computing platforms optimized for AI applications, partnering with Nvidia to offer servers customized for AI. The company has experienced strong revenue and income growth fueled by demand for its AI servers, and it expects this growth to continue as data center operators and cloud providers update their facilities for AI applications. Wall Street analysts are bullish on Supermicro, with a price target suggesting potential upside of 32% to 65%. The stock's valuation is significantly lower than Nvidia's, making it an attractive option for investors who may have missed out on Nvidia's gains.

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