Better Growth Stock: Nvidia vs. Super Micro Computer
Nvidia (NASDAQ: NVDA) and Super Micro Computer (NASDAQ: SMCI) have been top performers on the stock market in 2023, delivering outstanding gains of 210% and 253%, respectively, as of this writing.
These growth stocks have taken off this year thanks to one common catalyst -- artificial intelligence (AI). While Nvidia has turned out to be a pioneer in AI chips thanks to its graphics processing units (GPUs), which are being deployed in servers to train large language models (LLMs), Super Micro is also providing critical infrastructure as it builds the servers in which the computing and storage chips are housed.
The proliferation of AI has supercharged the growth of both companies, but which one of these two hot growth stocks should you consider buying following their eye-popping jumps this year? Let's find out.
Source Fool.com
