SMCI: Super Micro Stock Crowned as Best Performer in the S&P 500 for the First Quarter

Server maker is standing on 255% in gains for the first three months, eclipsing all 499 other companies packaged in the broad-based index.

Key Points:

• Super Micro is #1 in the S&P 500.
• Server maker boasts gains of 255%.
• On the other end is a familiar name.
• Super Micro Computer SMCI is the best-performing stock in the S&P 500 for the first three months of 2024. The server maker is standing on gains of more than 255% for the time span, outperforming every other company in the 500-strong equity benchmark. Super Micro joined the broad-based index on March 18. What’s so special about it?
• Super Micro is the company building AI servers for chip giant Nvidia NVDA. It has positioned itself at the forefront of the sweeping generative artificial intelligence revolution and investors are taking notice. The AI player’s stock has grown over 800% in the past twelve months, sitting on a market cap north of $60 billion.
• On the other end of the spectrum is the biggest loser on the S&P 500 leaderboard. It’s a name you’re well familiar with and you may even be a bag holder of its shares now. Elon Musk’s Tesla TSLA is the worst stock in the S&P 500 with a decline of 30% over the past three months. The EV maker’s weak earnings report in January shook investor confidence.