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Will Super Micro Computer's Stock Reach $1,500?

TheMotleyFool

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Will Super Micro Computer's Stock Reach $1,500?: https://g.foolcdn.com/editorial/images/766159/person-overlooking-a-datacenter.jpg

Super Micro Computer (NASDAQ: SMCI) has been the best stock to own in 2024, with few exceptions. So far, it has essentially tripled just two months into the year.

This rise has caused it to cross the $1,000 threshold a few times, but with how pricey the stock is, it has become a bit volatile. But could it cross $1,500 sometime soon? Let's find out.

Super Micro Computer (often called Supermicro) is capitalizing on the artificial intelligence (AI) arms race. It is a popular choice for companies looking to source a highly customizable data center server. Because it works closely with GPU maker Nvidia, Supermicro can help squeeze out every ounce of performance from Nvidia's GPUs.

Source Fool.com

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