Step aside Nvidia, this global supercomputing stock is up 95% this year — and it's betting big on AI

This small-cap AI systems developer just had its 150 patents valued at $835 million.

While chip darling Nvidia has grabbed headlines for its impressive stock performance, driven by excitement around artificial intelligence, an under-the-radar German company has quietly seen its shares nearly double in 2024. ParTec , a developer of supercomputing systems, has surged over 95% year-to-date as investors have started to take notice of its potential.

" Patents and royalties Earlier this year, independent auditors valued ParTec's 150 patents for building and designing supercomputers at 767 million euros, which the company expects will "significantly strengthen" its equity base. However, some are skeptical that the company will be able to monetize its patent portfolio.

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