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Feature Story
Super Micro’s S&P 500 Inclusion Pushes Rally Past 1,000%
Mar 05, 2024 · bloomberg.com
The server and software provider's shares have increased nearly 1,000% in the past year, significantly outperforming Nvidia's 257% rally during the same period.
Key takeaways
- Super Micro Computer Inc. could soon overtake Nvidia Corp. as the best-performing stock in the S&P 500.
- Shares of Super Micro Computer Inc. surged 19% on Monday, reaching an all-time high of $1,074.34 a share.
- The surge in Super Micro's shares came after news that the company will be added to the S&P 500 Index later this month.
- Super Micro's gains over the past year have reached nearly 1,000%, significantly outperforming Nvidia's 257% rally during the same period.