ONEQ

Even as major tech players like Nvidia bask in the AI spotlight, Super Micro Computer Inc. (NASDAQ:SMCI) has quietly reaped significant rewards from its exposure to this booming technology. Since the start of 2023, coinciding with the launch of OpenAI’s ChatGPT and the early days of the AI revolution, SMCI shares have skyrocketed. What Does Super Micro Do? Based in San Jose, California, Super Micro designs and manufactures high-performance server and storage solutions for demanding computational tasks. Notably, 71% of their revenue comes from the U.S., with Asia, Europe, and Others contributing 18%, 8%, and 3%, respectively. Strong Financials And Optimistic Outlook: In late January, Su

Technology stocks are likely to have a high probability of rallying in the just-started month of October and then extending their positive performance into the fourth quarter of the year. This optimistic outlook is substantiated by a study conducted by Datatrek Research, which analyzed the historical returns of the S&P 500 and Nasdaq Composite indices. The analysis hinges on the “Strong January Return Indicator,” a metric designed to forecast the performance of major U.S. stock indices in years when January exhibits substantially positive gains. What Is The January Effect On The Stock Market? On Wall Street, an age-old adage states, “So goes January, so goes the year,” and the ye

Despite ongoing concerns about COVID-19, inflation, supply chain disruptions and rising interest rates, the Nasdaq is still trading more than 110% above its March 2020 lows. Any tech investor during the past two years knows just how much of the recent growth in the tech sector is attributed to the five growth superstars of the Nasdaq: Meta Platforms Inc (NASDAQ:FB), Apple Inc (NASDAQ:AAPL), Amazon.com, Inc. (NASDAQ:AMZN), Netflix Inc (NASDAQ:NFLX) and Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL). These so-called FAANG stocks continue to deliver year-after-year of incredible growth numbers, even as their market caps swell to some of the largest in market history. While other companies were cr