Super Micro Computer (SMCI) shares 澳洲幸运5官方开奖结果体彩网:surged earlier this week and have nearly tripled in value since the start of 2024 as analysts said the company could gain significantly from demand for 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI) tech.

Its advance could also highlight potential gains for other companies within the growing AI ecosystem beyond the big names like Nvidia (NVDA) and Advanced Micro Devices (AMD), which soared in value over the past year amid AI optimi🅠sm.

♉What Is Super Micro Co🌠mputer and Why Did Its Stock Surge?

While Super Micro Computer might not have the same level of name ൲recognition as Nvidia, the computing, storage, and networking solutions it provides can be necessary for the semiconductor companies it services to meet ♍growing demand for AI.

Some of Super Micro Computer's noteworthy customers using its AI infrastructure include Nvidia, Advanced Micro Devices, and Intel (INTC).

Bank of America analysts said that the firm "expect[s] SMCI to see strong revenue growth over the next several years driven by AI related demand" as the stock reached record highs earlier this week, though shares fell Friday after Wells Fargo analysts suggested that the company's AI-related gains may have already been priced in.

Other Tech Hardware and Network Stocks𒈔 Could Ride Wave of AI-Driven Gains

Super Micro Computer's recent gains could indicate other companies providing products and services to AI chipmakers like Nvidia may stand to reap the benefits of growing AI demand as well.

J.P. Morgan analysts noted that while "investors have largely made up their mind on the most direct beneficiaries from AI investments," there are some "forgotten" AI winners. The firm highlighted 澳洲幸运5官方开奖结果体彩网:Arista Networks (ANET), Dell Technologies (DELL), Hewlett Packard Enterprise (HPE), and Coherent (COHR), alongside Super Micro Compute🍎r in its "Forgotten AI Warriors in Hardware" 💎report.

On Arista's latest earnings call, the cloud networking company that provides solutions for GPU and storage networks that drive AI workloads indicated that it has several trials ongoing with large AI players, though it didn't name specific clients.  

"Arista remains in a solid position to deliver upside to revenue expectations through the ramp in AI revenues," J.P. Morgan analysts wrote following the company's latest earnings report.

The analysts said tha𝕴t Dell Technologies and HP Enterprไise could also see gains as server providers.

"Branded server companies, including HPE and DELL, are ramping their engagement with Nvidia, which will benefit both companies in relation to content per server and margins in their compute businesses," they wrote.

Nvidia announced in late 2023 that Dell and HP Enterprise will integrate NVIDIA Spectrum-X Ethernet networking technologies for AI into their servers to help enterprise customers speed up their generative AI workloads.

Coherent, an optical hardware manufacturer, has indicated that the market opportunity for its portfolio of transceivers matched to the requirements set by AI and ML is expected to grow amid the AI boom as well. The transceiver hardware can "support Ethernet and InfiniBand, as wel🔴l as proprietary🐽 protocols for AI and ML such as NVIDIA's NVLink."

Analysts at William Blair said that "the AI attention has carried over to Coherent and its opportunity to supply the industry with its 800G transceiver technology," adding that "the intense demand increase has Coherent pulling in development and ramp-up times," with its AI-related revenue expected to grow.