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Billionaires’ best-kept secret: The stock that’s doubling every year

Billionaires' best-kept secret: The stock that's doubling every year
Bogdan Stojkov

Finding the next big thing in the fast-paced world of stock markets can feel like searching for a needle in a haystack. Yet, amidst the sea of options, there’s one stock that’s been doubling every year, catching the attention of savvy investors and billionaires alike.

This stock is none other than the tech giant Super Micro Computer (NASDAQ: SMCI), and in the following piece, we’ll into the details and uncover the secrets behind its meteoric rise.

Super Micro Computer (NASDAQ: SMCI)

Super Micro Computer homepage
Super Micro Computer homepage. Source:

Super Micro Computer, Inc. is a leading provider of high-performance server and storage solutions, catering to a diverse range of industries including cloud computing, data center, enterprise IT, and more.

With a reputation for innovation and reliability, Supermicro delivers cutting-edge technology optimized for efficiency and scalability. Their product portfolio encompasses a wide array of server, storage, and networking solutions designed to meet the demanding requirements of modern computing environments.

Super Micro Computer stock price today

As of April 9, 2024, Super Micro Computer’s stock price is at $928.50, showing a huge year-to-date uptick of $643.05.

The underdog’s rise

Super Micro Computer is a quiet powerhouse in the realm of data infrastructure, specializing in server and storage systems for data centers. Despite its unassuming demeanor, the company’s impact has been steadily growing, evident in its remarkable stock performance. In 2023, SMCI’s stock value more than tripled, followed by another doubling in the first three months of 2024.

YearYear highYear closeAnnual % change
Table 1: SMCI stock prices for the last five years. Source: Macrotrends

The AI boom

Fueling this growth is the burgeoning demand for processing power driven by the artificial intelligence (AI) revolution, where SMCI’s solutions play a pivotal role. Moreover, the company indirectly benefits from the Bitcoin (BTC) craze through its robust computing infrastructure essential for Bitcoin mining.

Quiet innovation and customer focus

Operating under the radar, SMCI prioritizes innovation and customer satisfaction over seeking the limelight. Its steady and patient approach has attracted billionaire investors who recognize the value of long-term vision in the stock market.

Is SMCI a long term hold?

While SMCI isn’t a shortcut to quick riches, its consistent growth trajectory makes it a compelling option for investors seeking sustainable returns, albeit not without its share of risks in the fluctuating market landscape. Consulting with a financial advisor and diversifying one’s portfolio is always prudent.

The bottom line: Is Super Micro Computer a good buy?

As we’ve explored the secrets behind its meteoric rise, it’s evident that SMCI’s quiet yet powerful presence in the data infrastructure realm, combined with its focus on innovation and customer satisfaction, has propelled it to remarkable heights. While it may not promise overnight riches, its steady trajectory presents a compelling option for those seeking sustainable returns.

So, as whispers circulate about stocks defying gravity, remember SMCI—the quiet achiever, the billionaire’s best-kept secret. Perhaps it’s time to consider joining the billionaires’ club, one share at a time, recognizing that investing is about time in the market, not timing the market.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

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