From Nasdaq: 2024-05-25 03:15:00

Nvidia (NVDA) has seen its stock surge by 238% in the past 12 months as the company’s chips are integral to AI development. However, Super Micro Computer (SMCI) and Carvana (CVNA) have outperformed Nvidia, with Super Micro’s stock soaring by 445% and Carvana’s by 876%. Both companies have shown impressive growth and profitability in recent quarters.

Super Micro Computer’s stock has seen phenomenal growth, with sales tripling to nearly $3.9 billion in the first three months of the year. The company’s profit has also increased substantially, making it an attractive investment option with a market cap of $53 billion and a forward P/E ratio of 25. Investors may still find value in Super Micro stock.

Carvana’s stock has surged by 876%, driven by improved financial performance, including a surprise profit of $49 million in the last quarter. While the company has shown promise, its high short interest and financial volatility suggest potential risks. Investors may want to wait and observe Carvana’s performance over the next few quarters before considering an investment.



Read more at Nasdaq: 2 Large-Cap Stocks That Have Roughly Doubled Nvidia’s Returns Over the Past Year