Stock Picking in a Volatile Market

On Feb. 19, 2025, Super Micro Computer jumped 74% from a Dec. 2024 low. An independent auditor had wiped clean the company's allegations of accounting irregularities. With year-over-year revenue growth of 55% (at the time), the future looked bright for the company. SMCI's price/earnings ratio of 16 (compared to Nvidia's 37) seemed like a bargain. Yet, the gains were fleeting. Within two weeks, the shares had dropped 47%. 
In April, Nvidia plunged to a low of $94/share after hitting a high of $153 in January. It's back to $135/share, but how long will it last? Is the Saudi deal announced recently the fuel Nvidia needs to soar even higher? Will the Taiwan Semiconductor Arizona chip factory help Nvidia to mitigate the impact of tariffs? Is all of this factored into the share price already? Why has there been so much volatility?
Picking stocks in a world where share prices sink and soar with such wild swings equires a great deal of babysitting, peering into crystal balls, factoring in the impact of tariffs, adding a splash of consumer sentiment, and then pitting all of that against expensive equity prices and an economy that is slowing down. So, should you be trying to outwit Wall Street's hedge funds, or is there a better way to invest in hot, volatile industries such as artificial intelligence and breakthrough technology that puts us on the right side of the trade?