Why Super Micro Computer Stock Blasted Higher on Monday Morning
Super Micro ComputerSuper Micro Computer(US:SMCI) The Motley Fool·2024-03-04 16:57

Shares of server and storage-solution specialist Super Micro Computer (SMCI 24.65%), also known as Supermicro, resumed their relentless rise Monday, surging as much as 21.1%. As of 10:43 a.m. ET, the stock was still up 18.4%.The catalyst that sent the artificial intelligence (AI) stock higher was an announcement it would be joining a major trading index.Joining the S&P 500An announcement released after market close on Friday revealed that Supermicro would be joining the S&P 500. The stock will be replacing ...