Reported 2 months ago
Wall Street is experiencing a dual trend of enthusiasm for artificial intelligence (AI) and stock splits, with Super Micro Computer (SMCI) now poised to join the ranks of AI giants like Nvidia and Broadcom. Following its recent announcement of a historic 10-for-1 stock split effective September 30, 2024, Super Micro has seen shares rise significantly amid growing demand for AI infrastructure, showcasing a 2,750% increase over the last five years. However, caution is warranted as challenges remain, particularly its reliance on Nvidia's GPUs and the history of tech trends experiencing rapid booms followed by corrections.
Source: YAHOO