If You'd Invested $5,000 in Super Micro Computer Stock 5 Years Ago, Here's How Much You'd Have Today
Super Micro Computer (NASDAQ: SMCI) isn't new to the tech industry. The maker of servers, workstations, and full rack scale solutions actually has been around for 30 years -- but growth just took off over the past few years thanks to demand from artificial intelligence (AI) customers. Companies are developing AI programs, and for this, they need the items that Supermicro builds.
The tech player said in the most recent quarter demand for its AI rack scale solutions including chips from leaders like Nvidia and Advanced Micro Devices soared to record levels. And all of this has helped earnings and the share price surge. How much would you have today if you'd invested $5,000 in this AI star five years ago? Let's find out.
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Source Fool.com