Super Micro Computer, Inc. Common Stock

Nvidia and Super Micro Computer have been the best-performing S&P 500 stocks of 2024, but select Wall Street analysts still see substantial upside for shareholders.

Related tickers: NVDA, SMCI.

Tesla bull Ross Gerber has suggested that the tech sector’s earnings reports are indicative of substantial AI infrastructure spending. What Happened: Gerber took to X, formerly Twitter, on Thursday to express his views on the tech sector’s earnings reports. He believes that the consistent trend of these reports points towards a significant increase in AI infrastructure spending. He also emphasized the potential benefits for companies involved in AI infrastructure. Gerber’s post comes at a time when the tech sector is experiencing a surge in AI-related activities. This surge is being driven by companies like Microsoft Corp (NASDAQ:MSFT) and Alphabet Inc.'s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google, which have beaten Street consensus estimates in their March 2024 quarter earnings, led by AI and cloud computing space. Subscribe to the Full story available on Benzinga.com

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