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1 Brilliant Artificial Intelligence (AI) Stock to Buy Hand Over Fist in 2024

TheMotleyFool

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1 Brilliant Artificial Intelligence (AI) Stock to Buy Hand Over Fist in 2024: https://g.foolcdn.com/editorial/images/761560/two-software-engineers-walking-down-an-aisle-of-a-data-center.jpg

Few stocks outperformed Nvidia (NASDAQ: NVDA) in 2023, but one notable exception was Super Micro Computer (NASDAQ: SMCI), often referred to as Supermicro. With the stock edging out Nvidia by gaining 246% versus Nvidia's 239% in 2023, investors might be surprised to hear that Supermicro could still be a strong buy.

However, after digging into the company, it's clear it still has a long runway. Furthermore, it can be purchased for a reasonable price -- something Nvidia cannot say.

The reason Nvidia grew so much in 2023 was the massive demand for its graphics processing units (GPUs), which are perfect for processing large workloads.

Source Fool.com

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