Time to Buy Super Micro (SMCI) Heavy ETFs as It Joins S&P 500?

Super Micro Computer (SMCI) saw a 12.7% surge in its shares during after-hours trading on Mar 1, 2024 just after the announcement that the provider of AI-optimized servers would be included in the S&P 500 index.The news puts focus on Super Micro-heavy ETFs like Invesco S&P MidCap Momentum ETF (XMMO) (SMCI’s exposure is 10.22%), iShares U.S. Digital Infrastructure and Real Estate ETF (IDGT) (SMCI’s exposure is 9.91%), Pacer Lunt MidCap Multi-Factor Alternator ETF (PAMC) (SMCI’s exposure is 8.22%) and Amplify ...