Super Micro Computer Is Joining the S&P 500. Is the Artificial Intelligence (AI) Stock Juggernaut a Buy?
Super Micro Computer's (NASDAQ: SMCI) incredible year just got even better. Last Friday, after the markets closed, S&P Global announced that the maker of servers and storage equipment often used for AI applications will join the benchmark S&P 500, along with several other stocks.
Shares of Supermicro (as it's commonly known) have jumped over 25% since the news broke and a whopping 297% year to date, fueled by a December quarter earnings report that was much better than its guidance -- and by the same tailwinds that have fueled other AI stocks as the enormity of demand for these companies' products becomes clearer.
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Source Fool.com
