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Why Super Micro Computer Stock Gave Up Early Gains and Fell Double Digits Today

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Why Super Micro Computer Stock Gave Up Early Gains and Fell Double Digits Today: https://g.foolcdn.com/editorial/images/769727/diverse-business-team-data-servers-it.jpg

Shares of Super Micro Computer (NASDAQ: SMCI) were all over the stock charts today as the artificial intelligence (AI) stock was officially added to the S&P 500 index.

Supermicro, as the the maker of AI servers and storage equipment is known, initially jumped on the news, gaining as much as 7.4% at the open, but slid over the course of the morning, and was down 10% by 1:05 p.m. ET.

Image source: Getty Images.

Source Fool.com

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