Super Micro’s S&P 500 Inclusion Pushes Rally Near 1,000%
- AI firm is set to join the index in March alongside Deckers
- Stock could replace Nvidia as the top performer in the index
The Super Micro Computer Inc. headquarters in San Jose, California.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Nvidia Corp. could soon be dethroned as the best-performing stock in the S&P 500 by another artificial intelligence-linked firm with staggering returns in the past year.
Shares of Super Micro Computer Inc. jumped 19% on Monday to close at an all-time high of $1,074.34 a share following news that the company is set to be added to the S&P 500 Index later this month. The move extended gains for the server and software provider to nearly 1,000% in the past twelve months, dwarfing Nvidia’s 257% rally during the same period.