"Super Micro and Deckers Set to Join S&P 500, Replacing Whirlpool and Zions Bancorp"

1 min read
Source: CNBC
"Super Micro and Deckers Set to Join S&P 500, Replacing Whirlpool and Zions Bancorp"
Photo: CNBC
TL;DR Summary

Super Micro Computer's stock price has surged over 20-fold in the past two years, leading to its inclusion in the S&P 500 with a market cap exceeding $50 billion. The company, a major player in the technology industry's artificial intelligence boom, is a primary vendor for building Nvidia-based servers for AI models. Its revenue more than doubled in the last quarter, and analysts expect further growth. Super Micro's addition to the S&P 500 is expected to drive its value up as it becomes part of index-tracking funds' portfolios.

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