Jim Cramer Highlighted the Top 10 S&P 500 Winners of the Day

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

Number of Hedge Fund Holders: 40

Super Micro Computer, Inc. (NASDAQ:SMCI) is one of the top 10 S&P 500 winners of the day that Jim Cramer highlighted. During the episode, Cramer said that he prefers another stock but SMCI is also doing well. He commented:

“There was another data center play. This time, it’s Super Micro, an important partner of NVIDIA. Now I think that… Not Super Micro, I think Dell is the right investment in the space, but there’s no denying the stock is doing quite well.”

Super Micro (NASDAQ:SMCI) designs and sells high-performance server and storage systems built on modular, open architecture, and it provides a range of hardware, software, and support services. The company’s products serve markets such as data centers, cloud computing, AI, 5G, and edge computing through various sales channels. During a May episode of Mad Money, Cramer said that the stock is cheap compared to other stocks related to the industry, but he prefers Dell more. He commented:

“No, no. To tell you the truth, I mean, this one had some accounting issues. They do seem to be now long enough behind them that analysts are starting to recommend the stock again. It’s relatively cheap versus the whole cohort. If you want to consider the cohort… like a CoreWeave or, of course, an NVIDIA, and I would tell you, it is more expensive than Dell. I do like Dell more, but I think you could do a lot more… with Super Micro. But let me tell you something, you’ve got more product knowledge than I do, and I like what you had to say.”