Super Micro joining S&P 500 after stock price soars by more than 20-fold in two years

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 ...