The current boom in artificial intelligence (AI) has caused shares of NVIDIA and Super Micro Computer to soar in 2024, with gains of 166% and 197% respectively. Nvidia’s dominance in the AI chip market has led to significant revenue and profit growth, with a reported 94% market share at the end of 2023. The company’s revenue and earnings continue to show strong growth, with projections indicating further expansion. Governments worldwide are investing in AI infrastructure, providing additional growth opportunities for Nvidia. Super Micro Computer also benefits from the AI market, with its server solutions in high demand from data center operators. The company’s revenue and earnings have seen significant increases, with growth expected to continue in the future. Both Nvidia and Supermicro are considered attractive investments based on valuation metrics and growth potential, making them solid choices for investors looking for growth stocks. The AI market is expected to expand rapidly, providing opportunities for both companies to continue their growth trajectory. Investors may consider buying either stock, despite their already substantial gains this year, as both companies have the potential for outstanding growth.
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https://finance.yahoo.com/news/better-artificial-intelligence-ai-stock-141900070.html
