Posted 3/4/2024, 6:43:18 PM
Super Micro Soars Over 1,000% to Record High, Adding $48B in Value After S&P 500 Addition
- Super Micro Computer's shares up over 1,000% in past year, set to close at record high after being added to S&P 500
- Gain has added $48 billion to Super Micro's market cap, pushing total value to nearly $64 billion
- Super Micro produces servers and software for AI applications, benefiting from AI demand
- Addition gives S&P 500 more AI exposure outside of top tech companies like Nvidia
- Despite volatility recently, Wall Street overall bullish on Super Micro with 11 buy ratings and $819 average price target