IWM: Super Micro Computer Is Leading The Russell 2000 And Nothing More
Super Micro ComputerSuper Micro Computer(US:SMCI) Seeking Alpha·2024-02-22 16:57
forgiss/iStock via Getty ImagesThe Russell 2000 and its ETF, the iShares Russell 2000 (NYSEARCA:IWM), haven't had a great year and have not participated in the rally in the large-cap indexes that have moved sharply higher, driven by AI fever. As of Feb. 22, the Russell 2000 was down about 1.6%, but it could be much worse because it isn't only the S&P 500 and Nasdaq 100 that have AI fever, the Russell 2000 does, too, even though it's less obvious. The Russell's AI driver comes in the form of Super Micro  ...