Will Super Micro Computer Be a Trillion-Dollar Stock by 2050?
Super Micro Computer (NASDAQ: SMCI), better known as Supermicro, has been one of the market's hottest AI stocks. The producer of high-performance servers didn't gain much attention after its initial public offering in 2007, but its stock has skyrocketed nearly 1,200% over the past four years as the AI boom lit a fire under its business. Its partnership with Nvidia to sell pre-built AI servers reinforced that bullish thesis and enabled it to grow its market share against Hewlett-Packard Enterprise and Dell Technologies.
That massive rally boosted Supermicro's enterprise value to $13 billion, but it's still a lot smaller than HPE ($30 billion) and Dell ($67 billion). It's also tiny compared to Nvidia, which has an enterprise value of $1.02 trillion. Could Supermicro eventually follow Nvidia's lead and become a $1 trillion company by 2050?
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Source Fool.com
