Super Micro Joins S&P 500, Stock Surges on $10 Billion Trade Volume
• Super Micro Computer's shares rallied 13.5% after the AI server maker was announced to join the S&P 500 • Super Micro and Deckers Outdoor will replace Whirlpool and Zion Bancorporation in the S&P 500 on March 18 • Index funds tracking the S&P 500 with $7.8 trillion in assets will have to purchase shares of Super Micro and Deckers • Super Micro sells high-end servers made with Nvidia's top AI processors, with its market value reaching over $50 billion • Super Micro's stock has more than tripled this year, with nearly $10 billion worth of shares traded on the announcement day