Interesting news in the S&P 500 index!
🌐SuperMicro Computer$SMCI+0.7% joins the exclusive club of theS&P 500 after an incredible growth of its shares that exceeded 20 times in the last two years! 📈🌟
Super Micro Computer
SMCIThis tech star now has a market capitalization of over $50 billion. The stock has not only risen more than20 times, but has seen an incredible increase of more than 200 %and following the announcement, the stock price has risen by nearly 13 %. 🚀💼
Super Micro replaced Whirlpool$WHR+1.0% in the S&P 500 index. Deckers Outdoor$DECK+1.1% also enters the game along sideSuper Micro and replaces Zions Bancorporation$ZION-0.2%. 🔄📊
Inclusion in the S&P 500 often means a further rise in the value of stocks as funds tracking the most famous index begin to get involved 💰📈.
Super Micro is now entering Index as one of the leading companies in artificial intelligence. It is a key supplier of servers and computer infrastructure for building Nvidia processors that are key to training and deploying AI models. 🧠💻
The company's results in the quarter that ended in December were stunning, seeing revenue rise to $3.66 billion, up double. Analysts expect this trend to continue in the current quarter with the possibility of tripling of sales. 💹🚀
Bank of America Analyst Ruplu Bhattacharya recently confirmed a positive outlook, which is another reason for optimism! 🌐🔍
Does anyone own shares of this company? And how do you view this stock after its inclusion in the S&P 500 index?
Good for me that they will be included :) they meet the criteria, so cheers :)