This Incredibly Cheap Artificial Intelligence (AI) Stock Is Crushing Nvidia in 2024 With 50% Gains. It Could Soar Another 85%.
If you're looking to buy a top artificial intelligence (AI) stock right now, Nvidia is likely to be one of the first names that comes to mind. That's not surprising. Its dominance in the AI chip market has been driving outstanding top- and bottom-line growth for the company.
The good part is that Wall Street and investors are positive about Nvidia's prospects in 2024 and beyond as the AI chip market gains steam. This explains why Nvidia stock has already risen 20% in 2024. However, Nvidia's solid start to the year on the stock market has been eclipsed by Super Micro Computer (NASDAQ: SMCI), which has already clocked eye-popping gains of nearly 50% this month.
Let's look at the reasons why shares of Supermicro -- as it's more commonly known -- have been soaring and why investors should consider buying it hand over fist straight away.
Source Fool.com
