Super Micro Computer (SMCI) was up strongly yesterday on reports the maker of high-performance AI computers will join the S&P 500 on March 18. As of February month-end, SMCI stock had a market capitalization of $48 billion and a trailing three-year return of 2,554%.

ETF PM has long positions in SMCI, NVDA, and NVDX.

See our prior posts on SMCI, NVDA, and semiconductors:  2/24, 1/24, 8/23, 5/23, 3/23, 9/21, 8/20, 7/18, 6/18, 4/18, 1/18, 11/17, 10/17, 9/17, 3/17, 1/17, 12/16, 11/16, 9/16, 8/16b, 8/16, 7/16b, 7/16,  5/16.

Super Micro joining S&P 500 after stock price soars more than 20-fold in two years

Kif Leswing, 3/1/24

Super Micro Computer is joining the S&P 500 following a historic rally in the stock that has pushed the company’s market cap past $50 billion. The shares, up more than 20-fold in the past two years and over 200% just since the start of 2024, climbed another 8% in extended trading on Friday.

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