Could Investing $10,000 in Super Micro Computer Make You a Millionaire?
Turning $10,000 into $1 million is no small feat. That requires a return of 100 times on your investment, and few companies can deliver that. For this to work properly, you need a stock that's relatively inexpensive, is in the middle of a general trend, and doesn't have too high a market cap to begin with.Super Micro Computer (NASDAQ: SMCI), commonly called Supermicro, checks all of those boxes. It is a participant in the artificial intelligence (AI) race, is valued at a dirt cheap price, and tips the scales at a $19.2 billion valuation. So, does Supermicro have the ability to turn $10,000 into $1 million? Let's find out.Image source: Getty Images.Continue reading
Turning $10,000 into $1 million is no small feat. That requires a return of 100 times on your investment, and few companies can deliver that. For this to work properly, you need a stock that's relatively inexpensive, is in the middle of a general trend, and doesn't have too high a market cap to begin with.
Super Micro Computer (NASDAQ: SMCI), commonly called Supermicro, checks all of those boxes. It is a participant in the artificial intelligence (AI) race, is valued at a dirt cheap price, and tips the scales at a $19.2 billion valuation. So, does Supermicro have the ability to turn $10,000 into $1 million? Let's find out.
Image source: Getty Images.
