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A profitable stock like Nvidia
Enter the S&P 500:
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super microcomputer (SMCI)
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deckers outdoor (deck) .
Super Micro makes high-end servers used in artificial intelligence applications. The company's stock is up a whopping 218.5% this year as of Friday, after soaring 1,003% in 2023.
Related: Analyst Revises C3.ai Price Target After Earnings Results
Stocks are benefiting from the rise of artificial intelligence, which is having perhaps the most powerful impact on computing since the rise of the World Wide Web.
Investor interest in AI has led to Nvidia (NVDA) It is the third most valuable U.S. stock and has boosted the prices of other chip and equipment makers used in AI projects.
Thanks to a strong fourth-quarter profit, NVIDIA stock is up 66.2% this year after gaining 239% in 2023.
Deckers makes shoes and accessories for the growing outdoor enthusiast market. The Goleta, Calif.-based company's stock is up 35.1% this year after rising 67.5% in 2023.
The S&P 500's IT sector accounted for 29.8% of the S&P 500's stock price at the end of February.
As of February 29, consumer discretionary stocks accounted for 10.6% of the index.
Supermicro and Deckers replace two long-time S&P 500 members. These are the components of the S&P Midcap 400 Index.
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Home appliance manufacturer Whirlpool (WHR) was founded in 1911.
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Regional banking company Zions Bancorp (zion) founded in 1873.
S&P Dow Jones periodically adds and removes members from its indexes when companies merge with other companies or go bankrupt.
It also adjusts the index to existing market conditions and, in this case, the realities of what the firm calls the “large-cap market space.”
The S&P 500 is a market capitalization weighted index. The larger the market capitalization, the more influence the stock has on the index.
Other AI stocks:
This explains the meaning of S&P. Supermicro's market capitalization alone gives him $50.6 billion.
This is 4.4 times the combined market capitalization of Whirlpool and Zion (approximately $11.5 billion).
A company with a rich history
Whirlpool is a global consumer electronics manufacturer.
The company was a major supplier of appliances to Sears, Roebuck & Co. for many years before establishing its brand. Today, we offer our products under many brand names, including Maytag, KitchenAid, JennAir, and Amana.
The stock is down 12.3% this year after falling nearly 14% in 2023.
Zions Bancorp is a division of The Church of Jesus Christ of Latter-day Saints. Brigham Young was the first president of what was then the Zion Savings Bank and Trust Company.
The church severed ties in 1960. The banking company currently has $87.2 billion in assets and operates in 11 Western states, including Utah, California and Arizona.
Since 2023, the bank's stock price has fallen along with many regional banks due to concerns about problem loans, especially real loans.
The stock is down 11.6% this year after falling 10.8% in 2023.
In addition to changes to the S&P 500, S&P Dow Jones added software maker Intuit (INTU) Replaced Exelon in S&P 100 Index (EXC) , the largest utility company in the United States by revenue. Exelon is still part of the S&P 500
Movements in the S&P Dow affect major indexes such as the S&P 500, S&P 100, S&P 400 index, and S&P Smallcap index.
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