Posted 3/4/2024, 11:32:49 AM
Super Micro Shares Soar on AI Server Demand and S&P 500 Inclusion
- Super Micro shares jump 14% as the AI server maker is set to join S&P 500 index on March 18
- The company is benefiting from the AI frenzy on Wall Street with shares up 1,000% since end of 2022
- Super Micro and Deckers Outdoor to replace Whirlpool and Zion Bancorp in the index
- Inclusion in S&P 500 will allow Super Micro to benefit from index fund rebalancing worth $30B
- Super Micro recently delivered strong quarterly results on AI server demand, sending stock close to all-time high