Super Micro Computer (NASDAQ:SMCI) has been one of the worst-performing AI stocks if you bought it near its peak back in early 2024. It got caught up in significant drama, and while it has started making a recovery from its trough recently, many still see it as a risky bet. I’m personally bullish here, but I also think many of the company’s competitors are great picks and can deliver triple-digit returns over the coming years.
The data center and cloud computing industry is big enough to accommodate all these growth stories. The companies in this sector are trading at bargain valuations compared to most other AI bets. Here are three to look into.
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