SMCI Stock Alert: Welcome Super Micro Computer to the S&P 500

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 ...