Tue. Jun 25th, 2024
Super Micro and Micron Lead S&P 500 Index on Monday with AI Stocks

Super Micro Computer (SMCI) and Micron Technology (MU) were among the top gainers in the S&P 500 index on the stock market today. SMCI’s stock surged by 7.2% to 1,042.79, breaking above the 21-day line and hitting a new record high of 1,000. The company, which manufactures AI servers, has seen significant growth in its stock price this year, up an impressive 267.3%, making it the top performer in the S&P 500.

On the other hand, Micron’s stock rose by 6.2% to 117.04, building on its strong performance from last week. The memory-chip giant reported a surprise profit and provided bullish guidance thanks to AI advancements. Dexcom’s stock also climbed by 5.2% to 140.10, breaking out of a mini-consolidation within the buy zone of a flat base.

Constellation Energy’s stock saw a 5.1% increase to 187.26, hitting a new record high for the company due to increasing demand for energy from booming data centers. Moderna’s stock rose by 4.7% to 11.38, approaching a potential buy point from a cup-with-handle base that could lead to further growth in its stock price in the future.

Overall, these companies have shown strong performance on the stock market with each seeing significant gains in their stock prices over recent months and years.

Investors are closely monitoring these top gainers for potential investment opportunities as they continue to grow and expand their businesses.

SMCI has been particularly successful due to its partnership with Nvidia (NVDA) and other chip manufacturers that provide it with cutting-edge technology for its AI servers.

Micron has also been performing well due to AI advancements that have led to increased demand for memory chips used in data centers.

Dexcom has benefited from booming healthcare demand due to increasing demand for medical devices used in diabetes care.

Constellation Energy has grown thanks to increasing demand for energy from data centers as more companies move their operations online.

Moderna is at an interesting stage as it approaches its potential buy point based on its cup-with-handle pattern.

By Aiden Nguyen

As a content writer at newscholarly.com, I delve into the realms of storytelling with the power of words. With a knack for research and a passion for crafting compelling narratives, I strive to bring forth engaging and informative articles for our readers. From decoding complex concepts to unraveling current events, I aim to captivate and educate through the art of writing. Join me on this journey as we explore the ever-evolving landscape of news and knowledge together.

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