2 Artificial Intelligence (AI) Stocks Have Doubled Over the Past Year: Here's Why That Could Happen Again
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Super Micro Computer stock has surged over 800% in the past year, driven by high demand for its servers and storage solutions. The company's revenue is projected to grow even faster in the remaining half of its fiscal year. Micron Technology, known for making DRAM and NAND memory chips, has also seen its stock rise 103% over the past year. Micron is benefiting from a rebound in the chip sector and increased demand for AI servers. Both Super Micro Computer and Micron have the potential to double again due to their strong growth prospects and favorable market conditions.
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https://www.fool.com/investing/2024/04/04/x-artificial-intelligence-ai-stocks-that-have-doub/