AI Stock Super Micro Surges ahead of S&P 500 Addition
A new AI stock is about to join the S&P 500, and that news caused the stock price to climb 12%.
Super Micro Computer saw an increase on Monday as the stock prepared to enter the SPX charts. This company has grown incredibly well due to the artificial intelligence market explosion. AI stocks are headlining Wall Street indexes, and Super Micro Computers could be the next breakout stock.
How fast has this particular stock grown? Since 2022 ended, the stock ballooned by 1,000%, and the market value of the stock is now $50.6 billion. Much of the stock’s gains happened in 2024, which means it could grow substantially more as the year continues.
The stock is joining the S&P 500 on Monday, the 18th of March. It will be joining alongside Deckers Outdoor Corp, and these two will replace Zion Bancorp and Whirlpool Corp.
The AI Boom Hits the Stock Markets
As the artificial intelligence industry grows exponentially, AI-related stocks are growing as well. In recent weeks, the NVIDIA stock grew substantially, gaining day over day. Nvidia’s stock jumped 230% just in the last year, and it has room to grow, as the market is still very much taking to AI stocks. Nvidia is now the third most valuable company in the entire United States.
Those looking for new AI stocks to invest in and expand their portfolios will want to consider Super Micro Computers. With the new addition to the S&P 500, the stock can do incredibly well over the next few weeks and months. There is no indication that the AI market is dwindling. Instead, it has been growing with leaps and bounds as new innovations hit the market.
This is still such a specialized field that only a small number of companies have the proprietary tech to make convincing AI content. They have the potential to keep the market cornered and stay ahead of any new encroachment attempts.
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