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HomeTechnologyTech News: Super Micro Stock in S&P 500, Qualcomm Releases New Chip

Tech News: Super Micro Stock in S&P 500, Qualcomm Releases New Chip

Super Micro Computer, a company that has seen a remarkable rise in its stock value over the past year, has now entered the prestigious S&P 500 index. The server maker’s stock has soared by more than tenfold in the last 12 months, benefiting from the increased demand for data centers to support artificial intelligence technologies. With a market value close to $60 billion, Super Micro Computer has become a heavyweight among its peers in the industry.

Despite its impressive growth, there are concerns about whether Super Micro’s stock has risen too rapidly. The company is among the top five most shorted large-cap U.S. stocks, indicating some investors believe it may be overvalued. With a forward price-to-earnings ratio of around 39 times, Super Micro is slightly more expensive on that metric compared to other AI favorites like Nvidia. Analysts remain cautious about the stock, with an average target price below its current trading value, although the majority of ratings still suggest buying.

In parallel news, Qualcomm has introduced a new chipset aimed at bringing artificial intelligence to more affordable smartphones. The Snapdragon 8s Gen 3 chip supports AI models from companies like Alphabet and Meta Platforms, making AI capabilities more accessible to a broader range of mobile devices. This move could further solidify Qualcomm’s position in the market as smartphones increasingly become the primary gateway to new technologies, posing interesting challenges for competitors like Apple in the race to integrate AI into their devices.

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