Super Micro joining S&P 500 after stock price soars by more than 20-fold in two years (2024)

FAQs

Which smci stock join the s&p 500? ›

Shares of Super Micro Computer (SMCI) and Deckers Outdoor (DECK) entered the S&P 500 today. Deckers, the shoe company, and Super Micro Computer, a server maker often known as Supermicro, joined the benchmark index before trading started.

Super Micro Computer shares have been on fire over the past year, pushed higher by the accelerating adoption of artificial intelligence (AI). Analysts are scrambling to update their price targets thanks to the company's triple-digit growth.

Over the past decade, you would have done even better, as the S&P 500 posted an average annual return of a whopping 12.68%. Here's how much your account balance would be now if you were invested over the past 10 years: $1,000 would grow to $3,300. $5,000 would grow to $16,498.

NASDAQ: SMCI

Super Micro Computer's rapid rise has seen its stock price shoot up from around $86 a share to over $880. That, my friends, is a recipe for a stock split. The company has never conducted a stock split in its 17 years as a public company.

Stock Price Forecast

The 12 analysts with 12-month price forecasts for SMCI stock have an average target of 1,005, with a low estimate of 250 and a high estimate of 1,500. The average target predicts an increase of 28.45% from the current stock price of 782.65.

Super Micro Computer has rallied relentlessly over the past year, pushed higher by the accelerating adoption of artificial intelligence (AI).

Super Micro Computer stock has a consensus “Moderate Buy” rating. Out of the 13 analysts covering SMCI stock, eight recommend a “Strong Buy,” four recommend a “Hold,” and one gives a “Strong Sell” rating.

Summary. Super Micro Computer's stock has been performing exceptionally well in 2024, thanks to the AI boom. The company is profitable and has a strong financial position, indicating overall stability. However, the stock is highly overvalued and is not worth investors' money.

According to our calculations, a $1000 investment made in April 2014 would be worth $2,785.93, or a gain of 178.59%, as of April 30, 2024, and this return excludes dividends but includes price increases. In comparison, the S&P 500 gained 172.38% and the price of gold went up 73.14% over the same time frame.

How much would I have if I invested $1000 in Tesla 10 years ago? ›

This means that your $1,000 10 years ago — technically, $1,002 — would have bought 60 shares of Tesla. As of Mar. 3, 2024, those 60 shares of Tesla would be worth $12,158.40. That marks a 28.342% annual rate of return.

Imagine you wish to amass $3000 monthly from your investments, amounting to $36,000 annually. If you park your funds in a savings account offering a 2% annual interest rate, you'd need to inject roughly $1.8 million into the account.

S&P 500 YEAR-END FORECAST YET. Both Capital Economics and Yardeni Research have recently floated similar scenarios. Yardeni Research president Ed Yardeni has a 5,400 target for the end of 2024 but sees the benchmark hitting 6,000 in 2025 and 6,500 in 2026.

VooVoo Long-term Price Prediction

Below is a summary of VOO long-term price prediction from 2024 to 2050 with VooVoo price predicted to reach the highest point of $0.06901 in 2024 and $196.29 in 2040.

NASDAQ: SMCI

Supermicro stock was added to the S&P 500 today, replacing Whirlpool in the benchmark index. The move was announced on March 4, and the server specialist's stock posted explosive gains on the news.

Have an unadjusted market cap of at least $13.1 billion. Be highly liquid, meaning its shares can be easily traded. Make at least 50% of its stock available for public trading and be listed on a major exchange such as the New York Stock Exchange, or one of the Nasdaq or Cboe exchanges. File a 10-K annual report.

Many trillions of passive dollars are invested in products that track the S&P 500. The SPDR S&P 500 ETF Trust (SPY), the largest exchange-traded fund (ETF) in the world, has $500 billion in assets under management all by itself. Hundreds of funds and ETFs now have to pick up shares in SMCI and DECK.