NVIDIA Corp’s shares rose 44% in May, joining the elite group of five US tech companies with a market cap higher than $1 trillion. This rise was due to the launch of a new AI supercomputer DGX GH200 and an impressive quarterly earnings report, leading to widespread gains on other semiconductor and software manufacturers. Investors are on the lookout for the next big AI-catchup play. In this article, we will discuss five AI-related companies that outperformed NVIDIA in May, i.e., Super Micro Computer, C3.ai, Upstart Hldgs, Nano X Imaging, and Palantir Technologies. These companies have shown potential to pop like a bubble or become the next AI powerhouse. It is essential to delve deeper and investigate these companies before investing in them.
Super Micro Computer (NASDAQ: SMCI) is an information technology company that designs, develops, and provides high-performance server solutions.
J. Patrick Kennedy is the founder and CEO of OSIsoft, which was rebranded as C3.ai (NYSE: AI) in 2018. The company creates specialized, scalable AI software solutions to solve business challenges.
Upstart Hldgs (NASDAQ: UPST) is a lending platform that uses machine learning algorithms and artificial intelligence to evaluate borrowers’ creditworthiness based on non-conventional data.
Nano X Imaging (NASDAQ: NNOX) is a medical imaging technology company that develops and engineers a unique digital X-ray source through its patented Nanox.ARC.
Palantir Technologies (NYSE: PLTR) is a software company that provides services to government agencies and private sector clients for data analysis, data integration, and intelligence operations.
Investors should be aware of the potential risks and perform thorough research before investing in any of these companies. The next AI powerhouse or the one that pops like a bubble is yet to be determined.