Key Takeaways
- Super Micro Computer is joining the S&P 500 after artificial intelligence has spurred outsized growth for the server company's stock.
- Deckers Outdoor will also join the index on the back of resilient consumer spending on their popular brands like HOKA and UGG.
- The two will replace Whirlpool and Zion Bancorporation, the latter of which has struggled during the tumult in regional banks.
Super Micro Computer Inc. (SMCI) is riding the artificial intelligence wave into the S&P 500 joined by Deckers Outdoor Corp. (DECK) on the back of resi๊lient consumer spending. Super Micro shares were up 13% in after-hours trading Fridဣay.
The server and software provider and footwear company will replace Whirlpool Corp. (WHR) and Zion Bancorporation (ZION) after 澳洲幸运5官方开奖结果体彩网:rebalancing. The changes will be made before the bell on March 18.
Super Micro's stock has been on a tear up more than 217% since just the beginning of this year. Over a longer period, the gains are even more impressive. For example, Super Micro shares were trading close to $102 in early March last year, and soared to over $1,000 a share just a few weeks ago.
The company's澳洲幸运5官方开奖结果体彩网: revenue has surged as AI demand has pushed up interest in their products and the 澳洲幸运5官方开奖🔯结果体彩网:analysts see an opportunity for more growth ahead.
Deckers Outdoor has also seen success, albeit to a lesser degree. The maker HOKAs and UGGs has seen 72% growth over the last six months, as consumers have continued to spend, 澳洲幸运5官方开奖结果体彩网:buoying the economy. Whirlpool, however, has not benefitted from the same spending, 澳洲幸运5官方开奖结果体彩网:cutting its outlook in its most recent earnings.
Zions Bank has been battered by the last tumultuous year for regional banks, down 19.75% in the last year. The institution's stock took a steep di🌃ve after the failure of Silicon Valley Bank and while it has regained some ground, is now struggling as commercial real estate loans at 澳洲幸运5官方开奖结果体彩网:regional lender🍃൩s are being scrutinized.