Missed out on NVDA, SMCI and AMD? This AI chip stock is seen as next big winner
The artificial intelligence (AI) boom has benefitted shareholders in several companies. For example, AI chip stocks such as NVIDIA Corporation and Advanced Micro Devices Inc have surged, while Super Micro Computer Inc, which develops AI-optimized servers, has also rallied significantly.
However, for those that missed out on the rally in those names, could there be another that is the next big AI winner?
As mentioned, NVIDIA and AMD were stocks that have gained based on the AI surge.
Nvidia, which is seen as the biggest winner, is up over 81% in 2024 and 249% over the last 12 months. Its gains have yet to let up, with Nvidia climbing over 20% in the last month, now trading around the $894 mark after hitting an intraday high of more than $973 in early March.
Meanwhile, AMD has had a harder time of late, but nonetheless, it has still rallied 25% this year and more than 88% over the last 12 months. Since hitting an intraday high of over $227 in early March, it has pulled back to around $182 per share.
On the other hand, SMCI has been the biggest winner when it comes to percentage gains. The company’s shares are up 225% for the year-to-date and 854% in the last 12 months. That is despite a more recent pullback to below $900 per share after an intraday high of $1,229 on March 8. $NVIDIA (NVDA.US)$ $Advanced Micro Devices (AMD.US)$ $Super Micro Computer (SMCI.US)$ $Micron Technology (MU.US)$
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