30 Stocks That Should Double in 3 Years

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20. Super Micro Computer Inc. (NASDAQ:SMCI)

Number of Hedge Fund Holders: 45

Super Micro Computer Inc. (NASDAQ:SMCI) develops and sells high-performance server and storage solutions based on modular and open architecture. It offers various IT solutions, such as complete servers, storage systems, workstations, networking devices, server sub-systems, and server management and security software.

SMCI’s servers integrate NVIDIA GPUs, which are crucial for AI and data centers. On March 21, JP Morgan analyst Samik Chatterjee upgraded the stock to Neutral from Underweight, while raising the price target to $45 from $35. The company is set to benefit from strong demand for Blackwell-based servers. SMCI also projects ~$40 billion in sales by FY2026, which will be driven by the demand for AI-optimized servers, particularly those incorporating NVIDIA’s advanced chips, and SMCI’s direct-liquid cooling (DLC) technology.

While the company did lower its FY2025 revenue guidance to between $23.5 billion and $25 billion, from a previous range of $26 billion to $30 billion, this was overshadowed by the long-term projection and positive developments regarding its financial reporting.

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