We recently compiled a list of the 15 AI News That You Should Not Miss. In this article, we are going to take a look at where Super Micro Computer, Inc. (NASDAQ:SMCI) stands against the other AI stocks.
US-China chip wars have been dominating headlines in the AI universe for the past few weeks. After the US announced fresh curbs on export of advanced AI chips to China, the Asian country responded by announcing that it had banned exports to the United States of the critical minerals gallium, germanium and antimony that have widespread military applications. Some of the banned minerals like gallium and germanium are used in semiconductors, while germanium is also used in infrared technology, fibre optic cables and solar cells. Others, like antimony, are used in bullets and other weaponry, while graphite is the largest component by volume of electric vehicle batteries.
Read more about these developments by accessing 10 Best AI Data Center Stocks and 10 Buzzing AI Stocks According to Goldman Sachs.
According to news agency Reuters, the move has sparked fresh concern that Beijing could next target other critical minerals, including those with even broader usage such as nickel or cobalt. China has also blocked some purchases from chipmaker Micron citing security concerns. There are also reports that chipmaker Intel would be the next target following comments from the Cybersecurity Association of China that the American firm has constantly harmed the country’s national security and interests and that its products sold in China should be subject to a security review.
Read more about these developments by accessing 30 Most Important AI Stocks According to BlackRock and Beyond the Tech Giants: 35 Non-Tech AI Opportunities.
For this article, we selected AI stocks by combing through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).
A team of technicians in a server room, testing and managing the newest server solutions.
Number of Hedge Fund Holders: 33
Super Micro Computer, Inc. (NASDAQ:SMCI) develops and manufactures high performance server and storage solutions based on modular and open architecture. On December 2, after Super Micro announced the completion of the review by its Independent Special Committee, which expressed the opinion that there is no evidence of misconduct or fraud on the part of management or the board, JPMorgan noted that the next key watch points for investors to monitor include whether the new independent auditors, BDO, accept the findings of the committee or decide to undertake their own independent review and whether Nasdaq supports Super Micro’s request for an extension of time to regain compliance with the Nasdaq continued listing requirements.
