Jim Cramer’s Best Performers List: 12 Stocks Cramer is Talking About

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

Number of Hedge Fund Holders: 47

While Cramer included Super Micro Computer, Inc. (NASDAQ:SMCI) in his list of best performers over the past 2 years, he did highlight the stock stalling over the past few months. Here’s what he said:

“Second best performer, Super Micro Computer. This company makes hardware that goes hand in hand with NVIDIA. Hence, its incredible 786% run. Lately though, Super Micro stalled. It had a weak second quarter. I’ve always thought that when you have a primary idea like NVIDIA and a secondary idea like Super Micro, you don’t need the latter.”

Recently, Cramer has made bearish remarks about the company. During October 9’s episode of Mad Money, he said:

“It’s too hard. Just go Buy NVIDIA. SMCI was down terrible, terrible last few weeks, but I really want you to be in NVIDIA, not SMCI.”

Super Micro Computer (NASDAQ:SMCI) focuses on creating and manufacturing high-performance server and storage solutions. Currently, the company announced that it is experiencing significant demand for its products as it is shipping over 100,000 graphics processing units (GPUs) for artificial intelligence applications each quarter. Additionally, the company called itself a leader in the liquid cooling sector, having delivered more than 2,000 liquid-cooled racks since June.

However, it should be noted that Super Micro Computer (NASDAQ:SMCI) is facing a slight delay in reporting its annual financial results, which were originally expected in August. The postponement is attributed to management needing extra time to evaluate the effectiveness of internal controls over financial reporting as of June 30.

Despite this delay, CEO Charles Liang provided reassurance in a letter that no significant changes to previously released financial reports are anticipated and that operations in engineering, production, and sales related to large-scale AI solutions continue as planned.