10 AI Stocks on Wall Street’s Radar

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9. Super Micro Computer, Inc. (NASDAQ:SMCI)

Number of Hedge Fund Holders: 40

Super Micro Computer, Inc. (NASDAQ:SMCI) is one of the 10 AI Stocks on Wall Street’s Radar. On Tuesday, June 10th, Super Micro Computer, Inc. (NASDAQ:SMCI) and Ericsson (NASDAQ: ERIC) announced their intent to enter into a strategic collaboration that aims to accelerate Edge AI deployment.

The two parties signed a Memorandum of Understanding to explore the integration of Ericsson Enterprise Wireless Solutions’ industry-leading 5G connectivity with Supermicro’s industry-leading Edge AI platforms, creating a commercial bundle that will deliver advanced Edge AI capabilities and simplify procurement and deployment.

The need for such a collaboration rose out of demand for Edge AI solutions deploying pre-trained AI models, generative AI, and agentic AI to the network edge, outside the data center, for local processing. Since many of these AI applications require low-latency response times, combining Supermicro’s and Ericsson’s technology will help businesses deploy integrated Edge AI infrastructure together rapidly with wireless connectivity.

Some specific industry applications include retail, smart factory and industrial automation, traffic safety, and healthcare management.

“Supermicro delivers cutting-edge solutions that allow enterprises to harness the power of AI at the edge. Our compute platforms combined with Ericsson’s 5G technology will allow enterprises and public sector organizations to extend the reach of their AI applications where wired technologies are not a viable option, such as smart intersections, industrial manufacturing, and remote infrastructure.”

-Mory Lin, Vice President, IoT/Embedded & Edge Computing, Supermicro.

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