Super Micro Computer's stock fell 10% on its first day in the S&P 500 due to investor profit-taking.
Super Micro Computer's stock fell 10% on its first day in the S&P 500 index due to investor profit-taking after its addition. The company's stock has seen significant gains, up over 200% year to date, making it one of the largest winners in the AI boom. Its inclusion in the S&P 500 is expected to be positive for the company, but volatility in the stock is likely to continue due to news and momentum in the AI sector and activity from short-term traders.
March 18, 2024
15 Articles