Although investors focus on the artificial intelligence firm, there is a company that is still growing faster and rising higher on the stock market.
For some time now, investors’ eyes have been on Nvidia. Its market capitalization exceeds three trillion dollars and competes with Manzana and Microsoft as the company with the highest value on the stock market. According to analysts, the growth of its revenues in the second quarter will be 109.9% and accumulate a stock market revaluation in the year of more than 160%.
But there is one thing
For some time now, investors’ eyes have been on Nvidia. Its market capitalization exceeds three trillion dollars and competes with Manzana and Microsoft as the company with the highest value on the stock market. According to analysts, the growth of its revenues in the second quarter will be 109.9% and accumulates a stock market revaluation in the year of more than 160%.
But there is one S&P 500 company that is set to outperform the king of artificial intelligence.
Super Micro Computer could close the second quarter with a Revenue growth of 142.3%according to an analysis by Investor’s Business Daily. It is the highest revenue growth of the entire S&P 500 index.
But Super Micro Computer is not just going to outpace Nvidia in revenue growth in the quarter. So far this year, the San Jose, California-based firm founded by Charles Liang has revalued on the stock market this year by more than 190%.
These figures contrast with the growth forecasts of the S&P 500 as a whole, which stand at 4.6%according to Factset.
Not all of the stocks that are set to see strong revenue growth this quarter are in the artificial intelligence and semiconductor sectors. Analysts’ forecasts point to the energy sector seeing strong growth this quarter. Oneok grow by 60.1%, while real estate Extra Space Storage could increase your income by 58.4%.
