While the frenzy around Nvidia and AMD continues to capture headlines, two other S&P 500 tech stocks are seemingly going about their business unnoticed. While the giants dominate the spotlight, Super Micro and Microsoft are quietly making significant strides and are poised for substantial growth, according to leading analysts and investor sentiment.

Super Micro: Powering AI Revolution

Super Micro Computer (NASDAQ: SMCI) specializes in high-end servers tailored for AI processing. Collaborating with top chipmakers, Super Micro integrates cutting-edge processors into its solutions, which are uniquely customizable for the demands of AI applications.

Despite its remarkable 232% surge over the past year, Super Micro still presents considerable upside potential. The positive sentiment from analysts, who not only suggest a substantial increase from its current price but also highlight its dominant position in the AI server market and ambitious expansion plans, is a strong indicator of its investment potential. With a significant portion of analysts expressing optimism about the stock, Super Micro's valuation at just two times next year's sales appears attractive compared to many AI stocks.

Microsoft: Leading the Charge in AI

Microsoft (NASDAQ: MSFT), a titan in cloud infrastructure and software services, is leveraging generative AI across its product ecosystem. Microsoft Copilot, its leading AI innovation, tailored for various industries, holds the potential to generate billions in additional revenue annually.

Microsoft, despite being the world's largest company by market cap, remains undervalued. Analysts project a potential 45% increase from its current price, indicating a significant opportunity for investors. Truist's Joel Fishbein, with a buy rating on Microsoft and a three-year price target of $600, sees significant potential driven by generative AI, cloud computing, and Copilot.

Looking Beyond Nvidia and AMD 

While Nvidia and AMD dominate the headlines, exploring the overlooked potential of Super Micro and Microsoft may prove rewarding. With strengths in AI technology and cloud computing, these two tech stocks are positioned for substantial returns.

Stocks.News has positions in Microsoft.