This Small AI Stock Has Outpaced Nvidia. 1 Reason Why It's Still Rising.

robot
Abstract generation in progress

Nvidia has been one of the most talked about and rewarding stocks on the market in the past couple of years because of its role in the artificial intelligence (AI) ecosystem. However, a smaller, lesser-known AI stock has crushed Nvidia’s returns this year: SuperX AI Technology (SUPX 13.51%).

This year, Nvidia’s stock is up 30%, while SuperX AI Technology is up over 1,480%. And despite this impressive (to say the least) growth, there’s one key reason why the stock is continuing its rise.

Image source: Getty Images.

SuperX AI Technology is a full-stack AI infrastructure provider, focusing on areas like AI servers and racks, digital power systems, and thermal and cooling management.

As the AI boom continues, key companies are putting tons of money and resources into building out data centers because they’re essential for training, deploying, and scaling AI. These data center buildouts are great news for SuperX AI Technology’s business because it supplies some core infrastructure that these data centers require.

Aside from the physical hardware that SuperX AI Technology provides for data centers, it also has a cloud platform that it says can allow companies to “tap into high-performance Nvidia GPUs.” This relationship provides SuperX AI Technology with a clear path to higher-margin recurring revenue, rather than relying solely on one-off hardware sales. The company isn’t currently profitable, but this could be a key way to change that.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)