From Nasdaq: 2024-06-29 04:55:00

Nvidia (NASDAQ: NVDA) has seen its revenue triple year over year, leading to a 149% stock price increase in the first half of 2024. However, its valuation is now at a more expensive 45 times this year’s earnings estimate.

Super Micro Computer (NASDAQ: SMCI) stock has outperformed Nvidia, up 188% in 2024. With strong revenue growth and a lower forward P/E ratio, it could offer better value and potential returns. The company’s focus on AI servers positions it well in the market.

Dell Technologies (NYSE: DELL) shares are up 80% year to date, driven by accelerating demand for AI servers. The company’s AI server business is growing rapidly, and analysts project substantial earnings growth ahead. The stock’s attractive forward P/E ratio suggests potential for superior returns.



Read more at Nasdaq: Nvidia Stock Is Up 149% This Year. Here Are 2 Stocks That Could Outperform It the Rest of 2024.