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SMCI Stock Alert: CEO of a Super Microcorporation Befriends Elon Musk

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SMCI Stock – SMCI Stock Alert: CEO of a Super Micro Corporation Befriends Elon Musk

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Super Micro (NASDAQ:SMCI), a provider of unique server and cooling solutions for high-performance computers, is in turmoil as a direct result of the AI ​​story. Even Tesla (NASDAQ:TSL) CEO Elon Musk has joined the fray and his xAI as a competitor to OpenAI and others in the large language model space. SMCI stock is benefiting from a new xAI super micro deal. Shares are set to rise 190% by 2024.

In a tweet from Super Micro CEO Charles Liang late Monday, the boss thanked Musk for showcasing the company’s liquid cooling technology, which Liang said would help the company save “20 billion trees for our planet.”

This is a nice tweet and certainly an indication that Super Micro’s customer base is growing rapidly.

SMCI shares rise thanks to Musk partnership

In late June, it was announced that Musk’s xAI would partner with Super Micro to supply the hardware the AI ​​company needs for its supercomputer. Liang’s tweet reinforces this development.

For Super Micro, the suggestion that Musk is choosing the company for his high-performance computing needs is a big plus. The company is one of the largest players in the server market, and most major companies have stakes in Super Micro. The addition of Musk is a bright spot for the fast-growing AI stock.

I think Super Micro’s prospects remain strong from here on out, and further news of an xAI partnership will send the stock price higher. It’s impossible to say how big the global AI market will end up being. But for now, these are clearly the companies investors want to get involved in.

As of the publication date, Chris MacDonald did not hold (directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the author and are subject to InvestorPlace.com’s disclosure policies.

At the time of publication, the editor in charge did not own (either directly or indirectly) any positions in the securities mentioned in this article.

Chris MacDonald’s love of investing led him to pursue an MBA in finance and to hold a number of management positions in corporate finance and venture capital over the past 15 years. His past experience as a financial analyst, coupled with his passion for finding undervalued growth opportunities, contribute to his conservative, long-term investment perspective.

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