Meet the 1 S&P 500 Stock That's Outperforming Nvidia So Far in 2024
Wed, Jun 26, 2024 3:34 PM

Meet the 1 S&P 500 Stock That's Outperforming Nvidia So Far in 2024

A Flip by Shubhangi Gupta
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Nvidia's share price has retreated, but it's still up 154.9% year to date. However, Super Micro Computer has outperformed it with a 196.6% gain. Super Micro's market cap has surged to $49.3 billion, driven by surging demand for servers and storage systems driven by AI. Wall Street expects the company to generate revenue of nearly $15 billion in its fiscal year ending June 30.

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