Based on FactSet data, analysts covering the stock gave Super Micro Computer a 71% buy recommendation. Hakyung Kim and Samantha Subin of CNBC contributed to this article.
According to Louis Navellier, chairman and founder of Navellier & Associates, there is now an even “hotter” star in the artificial intelligence boom than Nvidia. That’s Super Micro Computer, a Nasdaq-listed manufacturer of servers with graphics processing units and artificial intelligence systems.
Compared to Nvidia’s 59% decline, Super Micro Computer has increased by more than 200%. Super Micro is hotter than Nvidia, according to Navellier, who has owned shares of the company for more than two years, on CNBC’s “Street Signs Asia.”