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Valued at a market cap of $47.4 billion, Super Micro Computer, Inc. (SMCI) is a leading provider of energy-efficient server and storage solutions based on modular and open architecture. Headquartered in San Jose, California, the company serves enterprise data centers, cloud computing, artificial intelligence (AI), and 5G and edge computing markets globally.
Shares of the server specialist have significantly outperformed the broader market over the past 52 weeks. SMCI has gained 428.7% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 28.5%. Moreover, in 2024, shares of SMCI are up 211.8%, easily overshadowing SPX's 10.9% gains on a YTD basis.