Coatue’s 35 Most Important AI Stocks

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

Number of Hedge Fund Holders: 33 

Super Micro Computer, Inc. (NASDAQ:SMCI) develops and manufactures high-performance server and storage solutions based on modular and open architecture. The report for the fourth quarter of 2024 shows the company’s strong financial performance. For instance, reported net sales were $5.31 billion versus $3.85 billion in the third quarter of fiscal year 2024 and $2.18 billion in the same quarter of last year. The reported net income was $353 million versus $402 million in the third quarter of fiscal year 2024 and $194 million in the same quarter of last year. Moreover, the company’s strategic collaboration with Fujitsu aims to develop green AI computing technology and liquid-cooled data centre solutions. The duo also plans to develop and market a platform with a new processor designed for high performance and energy efficiency and targeted for release in 2027.

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