5 Unstoppable Tech Stocks To Buy

Page 5 of 5

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

YTD Gains as of April 4: 235.61%

Number of Hedge Fund Holders: 40

Super Micro Computer, Inc. (NASDAQ:SMCI) is a California-based company that offers server and storage solutions. The company has operations in more than 100 countries and has shipped 1.3 million server and storage nodes. Super Micro Computer, Inc. (NASDAQ:SMCI) takes the top spot on our list of unstoppable tech stocks to buy and has gained 235.61% YTD, as of April 4.

In the fourth quarter of 2023, 40 hedge funds had stakes in Super Micro Computer, Inc. (NASDAQ:SMCI), with total positions worth $642.911 million. With 446,128 shares worth $126.816 million, Driehaus Capital is the biggest shareholder in the company as of Q4 2023.

On March 25, Northland analyst Nehal Chokshi raised the price target on Super Micro Computer, Inc. (NASDAQ:SMCI) to $1,300 from $925 and kept an Outperform rating on the shares.

Follow Super Micro Computer Inc. (NASDAQ:SMCI)

Should you invest $1,000 in Super Micro Computer, Inc. (NASDAQ:SMCI) right now?

Before you buy stock in SMCI, consider this:

The Insider Monkey Quarterly Newsletter just identified what we believe are the 14 best stocks for investors to buy now… and SMCI wasn’t one of them. The 14 stocks that made the cut could produce monster returns in the next few months.

Quarterly Newsletter is your easy-to-follow blueprint for building a winning portfolio.  It includes stock picks from billionaires, regular updates from hedge fund investor letters, and 14 fresh stock picks each quarter. The Quarterly Newsletter service has more than doubled the return of S&P 500 since 2014.

See the 14 stocks

Disclosure: None. You can also look at the 15 Most Populated Cities in Asia and 12 Dirt Cheap Stocks To Buy According to Hedge Funds.

Insider Monkey focuses on uncovering the best investment ideas of hedge funds and investors. Please subscribe to our daily free newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.

Page 5 of 5