Super Micro’s S&P 500 Inclusion Pushes Rally Past 1,000%
Mar 05, 2024 - bloomberg.com
Super Micro Computer Inc. is poised to overtake Nvidia Corp. as the best-performing stock in the S&P 500. This comes after Super Micro's shares surged 19% to close at a record high of $1,074.34 per share following the announcement that the company will be added to the S&P 500 Index later this month.
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.
