"Super Micro's S&P 500 Entry Sparks Stock Surge"
TL;DR Summary
Super Micro Computer's shares surged 12% in premarket trading as it prepares to join the S&P 500 index, reflecting the increasing prominence of AI stocks in the benchmark index. The San Jose-based AI server maker has seen its shares soar 1,000% since the end of 2022, with a market value of $50.6 billion. Super Micro and Deckers Outdoor Corp will replace Whirlpool Corp and Zion Bancorp in the S&P 500 on March 18, leading to rebalance trading estimated at $30.1 billion. This move underscores the growing interest in companies capitalizing on the AI boom, following Nvidia's remarkable stock rally.
- Super Micro shares jump as the AI-bet gears up for entry on the S&P 500 Yahoo Finance
- Stocks making the biggest moves premarket: SMCI, DECK, M CNBC
- Dow Jones Futures: Taiwan Semi, 7 Leaders Offer New Chance; Super Micro Soars On S&P 500 News Investor's Business Daily
- Super Micro, Nvidia, Spirit Airlines, Macy’s, Apple, Li Auto, Lyft, and More Stock Movers Barron's
- Super Micro, Deckers stocks surge toward records on S&P 500 entrance MarketWatch
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