Forget Nvidia: 1 Stock-Split AI Stock to Buy Before It Soars 195%, According to Certain Wall Street Analysts
SMCISuper Micro Computer(SMCI) The Motley Fool·2024-09-19 16:06

Two Wall Street analysts think Super Micro Computer's stock could nearly triple in value.Nvidia has led the S&P 500 (^GSPC -0.29%) higher this year amid frenetic interest in artificial intelligence (AI). The stock has surged 136% since January, and Wall Street analysts forecast median upside of 30% from the current share price of 115.ButbettingonasingleAIstockisabadstrategy.ConsultancyPwCestimatesAIwilladdmorethan115. But betting on a single AI stock is a bad strategy.Consultancy PwC estimates AI will add more than 15 trillion to the global economy by 2030, and numerous companies will ben ...