With year-to-date gains of ~80 percent vs. NVIDIA’s ~120 percent, Super Micro Computer (SMCI) shares are often touted as the next best levered bet on the evolving AI thematic bull case. What’s more, the manufacturer of high-performance servers is managing to walk the talk vis-a-vis the hype if its soaring revenue-based guidance is anything to go by. For the benefit of those who might not be aware, Super Micro Computer’s biggest client is NVIDIA, and its second-biggest client is an entity that is backed by NVIDIA. This close association explains SMCI’s elevated correlation with NVIDIA shares, which remained above 62 […]
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