Shares in computer server company Super Micro Computer (NASDAQ:SMCI) stock jumped 19% as it prepared to enter the S&P 500.Shares that were worth $865 early on March 1 were trading at $1,045 when the market opened this morning. That’s a gain of about $10 billion in market capitalization. At the start of the year, Super Micro shares were trading at under $300.Super AI BoomThe reason for the gain is artificial intelligence (AI). Super Micro assembles high-end server racks, often using chips from Nvidia (NASDAQ ...

Super Micro Computer stock popped 15% in premarket trading on Monday morning after the company was selected to join the S&P 500 later this month.Shares of the server and computer infrastructure have been up more than 20-fold during the last two years and over 200% since the start of the year.The record rally in Super Micro's stock, driven by the industry-wide artificial intelligence boom, has propelled the company's market cap above $50 billion. The median market cap for S&P 500 companies is $33.7 billion.S ...

Super Micro Computer (NASDAQ: SMCI) stock price is back. After pulling back recently, the stock surged by more than 11% in the pre-market session and is nearing its all-time high of $1,078. This makes it one of the best-performing stocks in Wall Street now that it has jumped by over 270% from its lowest point this year and by 825% in the past 12 months. It has moved from a small company to one valued at over $50 billion. Super Micro Computer is not the only major company that is soaring. Nvidia, another pop ...

Super Micro Computer (SMCI 4.54%) was a big winner last month. The maker of storage and server systems that are highly valued for artificial-intelligence applications continued to climb after reporting a blowout earnings report late January and benefited from strong quarterly results from Nvidia, a key supplier. According to data from S&P Global Market Intelligence, the stock gained 63% in February.Like Nvidia, Supermicro has emerged as something of a bellwether in the AI stock sector, and the stock has bee ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool recommends Super Micro Computer. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

When it comes to artificial intelligence (AI), the "Magnificent Seven" stocks -- Apple, Microsoft, Amazon, Alphabet, Nvidia, Meta Platforms, and Tesla -- always seem to find their names in the headlines.Among this small group, perhaps Nvidia is the most closely followed. The company manufactures high-end semiconductor chips called graphics processing units (GPUs). GPUs are used in a variety of generative AI applications, including the training of large language models and machine learning.One of Nvidia's cl ...

Buying and holding great companies for the long run is a tried-and-tested way of making money in the stock market, as investors can not only benefit from secular growth opportunities by following this philosophy but also take advantage of the power of compounding.Artificial intelligence (AI) has emerged as the next big growth opportunity for investors. Bloomberg estimates that the generative AI market, which was worth $40 billion in 2022, could generate a whopping $1.3 trillion of annual revenue in 2032. Th ...

Key TakeawaysSuper Micro Computer is joining the S&P 500 after artificial intelligence has spurred outsized growth for the server company's stock.Deckers Outdoor will also join the index on the back of resilient consumer spending on their popular brands like HOKA and UGG.The two will replace Whirlpool and Zion Bancorporation, the latter of which has struggled during the tumult in regional banks. Super Micro Computer Inc. (SMCI) is riding the artificial intelligence wave into the S&P 500 joined by Deckers Ou ...

Super Micro Computer is joining the S&P 500 following a historic rally in the stock that's pushed the company's market cap past $50 billion.The shares, up more than 20-fold in the past two years and over 200% just since the start of 2024, climbed another 8% in extended trading on Friday.Super Micro is replacing Whirlpool, according to a press release. Deckers Outdoor is also joining the S&P 500, replacing Zions Bancorp.Stocks added to the benchmark index often rise in value because funds that track the S&P ...

magnez2/iStock Unreleased via Getty Images Investment thesis My previous bullish thesis about Super Micro Computer, Inc. (NASDAQ:SMCI) calling the stock "dirt cheap" was a very nice bet because the stock price has tripled over the last three months, which is a sensational rally and I hope that it made solid returns for my readers. A lot has happened since December 2023, and today I want to update my thesis with new insights and an updated valuation, which is crucial because there was a big guidance boost du ...