33 Most Important AI Companies You Should Pay Attention To

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1. Super Micro Computer, Inc. (NASDAQ:SMCI)

Number of Hedge Fund Holders: 35 

YTD Return as of August 1: 219% 

Super Micro Computer, Inc. (NASDAQ:SMCI) develops and manufactures high performance server and storage solutions based on modular and open architecture. Some of the AI products it offers include complete server, storage systems, modular blade servers, blades, workstations, full racks, networking devices, server subsystems, server management software, and security software. In the fourth quarter of 2024, the firm posted a record revenue of more than $5.3 billion, up 143% year-on-year, and exceeding the full year revenue for 2022. AI SuperClusters, an interconnected network of computing resources especially designed for AI, are a specialty product of the company.

Charles Liang, the CEO of Super Micro Computer, Inc. (NASDAQ:SMCI), highlighted during the fourth quarter earnings call that AI SuperClusters were helping the company build a prominent profile among hyperscalers. Liang revealed that his company was using the latest DLC liquid cooling technology in these clusters, helping customers reduce deployment times.

While we acknowledge the potential of Super Micro Computer, Inc. (NASDAQ:SMCI) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than NVIDIA Corporation but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: Michael Burry Is Selling These Stocks and Jim Cramer is Recommending These Stocks.

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