The new 3U server from Super Micro Computer, Inc. (NASDAQ:SMCI) augments AI inference capabilities

We recently published a list of Top 10 AI Stocks to Watch. Because Super Micro Computer, Inc. (NASDAQ:SMCI) ranks eighth on the list, it deserves a deeper look.

Wall Street continues to gain momentum amid the latest earnings season, and analysts are wondering if we’re still set for a soft landing. Mohamed El-Erian, Allianz’s chief economic adviser, discussed the possibility of a soft landing and no landing during a program on CNBC. Asked what it would take for the market to see a no-landing scenario, the analyst said:

“I think we need the productivity enhancers from AI, from the life sciences to come earlier, we need to continue to have positive shocks to our workforce. And if we get those two things, you can get a bigger economy but no hotter than it would actually be perfect for just about anything you can think of, from households to businesses to financial markets.”

The analyst does not rule out, however, the possibility of a recession.

“My probability of a soft landing is 55% and a recession is 30%. A soft landing is the most likely scenario, but it is not dominant. Why is it not dominant? Because we have weakness in the household sector , especially on the lower income side, and the Fed has been unpredictable. At the end of July, the Fed didn’t cut rates. At the next meeting in mid-September, it cut 50 basic points. And now there’s talk of prudent cuts. So the Fed needs to be careful.”

For this article we have picked 10 trending AI stocks based on the latest news. With each company we mentioned their hedge fund sentiment. Why are we interested in the stocks in which hedge funds accumulate? The reason is simple: our research has shown that we can beat the market by mimicking the best stock picks of the best hedge funds. Our quarterly newsletter strategy selects 14 small- and large-cap stocks each quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points. (see more details here).

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Number of hedge fund investors: 47

Super Micro Computer Inc (NASDAQ:SMCI) has recently released a new 3U Edge AI server, designed to accommodate up to 18 GPUs and equipped with Intel (NASDAQ) Xeon 6900 Series Dual processors with P cores.

“As the AI ​​market is growing exponentially, customers need a powerful and versatile solution to infer data to run LLM-based applications on premises, close to where the data is generated ” said Charles Liang, CEO of Supermicro. “Our new 3U Edge AI system enables them to run innovative solutions with minimal latency.”

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