Page 93 - Super Micro Computer News Today

Money managers are scrambling to cash in on the stock market’s interest in artificial intelligence, as a stunning rally by Nvidia sparks a search for other companies that are capitalizing on...

Money managers are scrambling to cash in on the stock market’s interest in artificial intelligence, as a stunning rally by Nvidia sparks a search for other companies that are capitalizing on the technology. Shares of Nvidia - whose chips are the gold standard in the AI industry - are up about 60% this year after tripling in 2023. “It's not a fad," said Francisco Bido, senior portfolio manager for F/m Investments' Large Cap Focused Fund.

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Despite sell-offs today, Super Micro Computer stock is still up roughly 187% in 2024.

Investors are becoming a bit more cautious about the market's most explosive AI stocks today.

Investors can and should build positions in AI plays, but don’t discount volatility

Super Micro Computer works extremely closely with Nvidia, a relationship that has been paying off big time for the company.

Super Micro has already eclipsed $1,000 a few times.

Investors can thank Nvidia for Super Micro's latest boost.

Super Micro Computer sells bond that swaps into equity with no coupon as downside protection