Nvidia Stock Is Up 149% This Year. Here Are 2 Stocks That Could Outperform It the Rest of 2024. [Yahoo! Finance]
Super Micro Computer, Inc. (SMCI)
Last super micro computer, inc. earnings: 8/3 04:05 pm
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Source: Yahoo! Finance
The company's revenue has tripled year over year in recent quarters, sending the stock up 149% in the first half of 2024. At these lofty share prices, Nvidia's valuation looks stretched. The stock's forward price-to-earnings ratio was less than 30 to start the year, but it now trades at a more expensive 45 times this year's consensus earnings estimate. Nvidia might experience enough growth to push the stock higher, but there's also a chance that near-term demand is already baked into the share price, which could limit the stock's gains through the end of the year. The good news is that Nvidia isn't the only AI stock beating the market. Nvidia has benefited from tight supply of AI chips, but as supply improves, it could drive more demand for AI servers, and the stocks of these companies trade at more reasonable valuations, which could set up superior returns in the near term. Here are two AI server stocks that could outperform Nvidia for the rest of the year. 1. Super Micro Com
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News
- Reap Data Center Gains with These 3 Stocks: VRT, SMCI, ETN [Yahoo! Finance]Yahoo! Finance
- Bull of the Day: Super Micro Computer (SMCI) [Yahoo! Finance]Yahoo! Finance
- Is It Too Late to Buy Super Micro Computer Stock Now? [Yahoo! Finance]Yahoo! Finance
- Nvidia Is a Top AI Stock, but Don't Ignore These 4 Red Flags [Yahoo! Finance]Yahoo! Finance
- Zacks Investment Ideas feature highlights: Nvidia, Super Micro Computer and Broadcom Mon, Jul 1, 2024, 2:48 PM GMT+2 5 min read 0 For Immediate Release These A.I. Stocks Have Fallen: Time to Buy? Nvidia's Data Center Continues to Break Records Super MicrAcquire Media Monitor
SMCI
Earnings
- 4/30/24 - Beat
SMCI
Sec Filings
- 7/2/24 - Form 4
- 7/2/24 - Form 4
- 7/2/24 - Form 4
- SMCI's page on the SEC website