This Artificial Intelligence (AI) Company Has Returned Nearly 5,830% in Just Five Years and Is Headed for the S&P 500. Is It Too Late to Buy?
Perhaps the biggest business powering the markets right now is artificial intelligence (AI). It seems that every software developer is eager to cash in on AI euphoria, and technology stocks are reaping the benefits.
As the S 500 and Nasdaq Composite trade at record levels, my eyes have been on one stock in particular. The best part? It's not in the "Magnificent Seven."
Shares of Super Micro Computing (NASDAQ: SMCI) have soared 5,830% in just five years. So far in 2024, they have risen over 300% as of market close on March 8. A lot of the momentum pushing the stock right now revolves around the company's latest milestone: inclusion in the S&P 500.
Source Fool.com
