Reported 12 months ago
Nvidia's stock has surged 149% in 2024, but its valuation may limit further gains despite potential growth. However, two AI server stocks, Super Micro Computer (NASDAQ: SMCI) and Dell Technologies (NYSE: DELL), offer promising alternatives. Super Micro Computer has outperformed Nvidia, with a 188% increase fueled by strong revenue growth, competitive market position, and lower valuation. Dell Technologies, with accelerating demand for AI servers driving revene growth, presents the potential for substantial earnings growth and superior returns with its lower forward P/E ratio.
Source: YAHOO