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Forget Nvidia: This Artificial Intelligence (AI) Stock Offers Stronger Growth Prospects


You may think of Nvidia (NASDAQ: NVDA) as the ultimate artificial intelligence (AI) company thanks to its critical position in the deployment of this hot technology. Nvidia makes high-end chips that can provide the required level of computing power for the training and use of AI models, and it dominates that section of the chip market with more than 80% share. Its chips are the fastest and most powerful, and that has kept it on top -- and its investment in research and development could keep the momentum going.

But there are other players in the AI environment worth your attention, and one in particular boasts earnings growth estimates that are even stronger than Nvidia's. While Nvidia's earnings per share are expected to grow at an annualized rate of 37.9%  over the coming five years, this company's annualized EPS growth forecast for that period is 48.2%. I'm talking about Super Micro Computer (NASDAQ: SMCI), a 30-year-old tech giant that just shifted into high-growth mode over the past few years thanks to its role in AI.

Image source: Getty Images.

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Source Fool.com

Electro Power Systems S.A. Stock

€1.02
0.200%
Electro Power Systems S.A. gained 0.200% compared to yesterday.

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