U.S. Supermicro Joins S & P 500 Index Share Price Soars to Top $50 Billion
Recently, Supermicro announced its addition to the S & P 500, a news that has driven the company's share price to a historic surge, with a market capitalization of $50 billion.。
Recently, Supermicro (SMCI) announced its addition to the S & P 500, a news that drove the company's stock price to a historic surge, with a market capitalization of $50 billion.。
Supermicro's share price has reportedly grown more than 20 times in the past two years, rising more than 200 percent since the beginning of 2024 alone, and the share price rose again by 8 percent in after-hours trading on Friday.。Moreover, Supermicro will replace Whirlpool (Whirlpool), and Deckers Outdoor will also join the S & P 500, replacing Zions Bancorporation (Zion Bancorporation).。
In general, stocks that are included in the S & P 500 are often favored by the market because the foundations that track the index include these stocks in their portfolios, and the median market capitalization of companies in the S & P 500 is $33.7 billion。
Supermicro has been one of the main beneficiaries of the artificial intelligence boom in recent years, focusing on production servers and other computer infrastructure, and is one of the main vendors building Nvidia-based GPU server clusters for training and deploying artificial intelligence models.。
In the quarter to the end of December, Supermicro doubled its revenue to 36.$600 million, and analysts expect sales to more than triple in the current quarter。
Bank of America analyst Ruplu Bhattacharya wrote in a research note last month: "We believe Nvidia's results are a positive data point for Supermicro, a leading partner that designs and manufactures servers to fit GPUs and customizes racks to customers' specific needs.。He gave the stock a buy rating.。
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