SMCI is up 270% in 2024, and S&P 500 addition could skyrocket it

To understand the influence of artificial intelligence on the S&P 500, look no further than the story of Super Micro Computer (NASDAQ: SMCI) stock. It is a prime example of how AI advancements have boosted the semiconductor industry.In 2024 alone, Super Micro Computer’s stock has soared by over 270%, marking an almost 1,000% increase over the past year. With a market capitalization of $64 billion, the company now stands as the 138th largest in the US, a remarkable ascent considering its absence from the top ...