From Nasdaq:

Artificial intelligence (AI) is boosting stock prices, with Super Micro Computer and Advanced Micro Devices shooting up 607% and 101% in the past year. Supermicro’s fiscal 2024 second-quarter revenue soared 103% year-over-year to $3.66 billion, while AMD is raising its AI-related revenue guidance for 2024. Despite AMD’s growth, Supermicro appears as a better AI stock to buy, thanks to its impressive revenue growth.

Super Micro Computer seems like a better AI bet than Advanced Micro Devices. Supermicro’s stock is cheaper and is growing at a faster pace than AMD. Supermicro is trading at a cheap 3.6 times sales right now, while AMD’s price-to-sales multiple stands at a rich 11. As such, it is easy to see that Super Micro Computer is the better AI stock to buy now when compared to AMD, as it is not just cheap but is also delivering handsome growth thanks to the booming demand for its server solutions.



Read more: Better Artificial Intelligence (AI) Stock: Super Micro Computer vs. AMD