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Unless you've been living under a rock, you've probably heard about the artificial intelligence (AI) buzz that's been sweeping the tech world. Well, it turns out that Super Micro Computer (SMCI) is one of the hottest players in the game right now. SMCI manufactures the high-powered servers and systems required to run cutting-edge AI workloads. The server maker, now valued at $56 billion, was even added to the prestigious S&P 500 Index ($SPX) in March, which means it's now appearing in some high-profile portfolios via tracking funds and indices.
Of course, being a growth-fueled tech stock, SMCI has had its fair share of ups and downs. But overall, the trend has been mostly higher; SMCI's stock price is up 870% over the past year, and 264% year-to-date. The stock's outperformance reflects its strong position in the AI infrastructure market, although - amid some heightened volatility in the past month - SMCI is now down more than 15% from its March 1 all-time high.
