Developments in artificial intelligence (AI) are playing a major role in overall market dynamics right now. Last year, the tech-heavy Nasdaq Composite soared more than 40% thanks in large part to euphoria surrounding the AI narrative.

Specifically, the "Magnificent Seven" -- Apple, Microsoft, , Amazon, Meta Platforms, Tesla, and Nvidia -- have had a major influence on the record-setting performance by the S 500 so far in 2024.

But there are many opportunities beyond those seven. One company that has experienced quite a bit of volatility over the last year is Super Micro Computer (NASDAQ: SMCI), which works extremely closely with semiconductor leaders Nvidia and Advanced Micro Devices.

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Source Fool.com