May 19, 2024 11:56 pm
On Monday, Super Micro and Micron Lead S&P 500 AI Stocks

In a day marked by strong gains, Super Micro Computer (SMCI), Micron Technology (MU), Constellation Energy (CEG), Dexcom (DXCM) and Moderna (MRNA) were the top performers on the S&P 500 index.

Micron stock saw an impressive 6.2% increase to 117.04, continuing its momentum from the previous week due to surprise profits and optimistic guidance linked to AI trends. The memory-chip giant has now surged 37.25% in 2024 and is ranked sixth in the S&P 500 this year. Dexcom stock also experienced a rise of 5.2%, reaching 140.10 and breaking through a mini-consolidation within the buy zone of a flat base.

Super Micro’s AI server maker uses chips from Nvidia (NVDA) and other companies, and has been the top performer on the S&P 500 this year, surging 267.3% in just one year. This growth has propelled SMCI stock to new highs, reaching 1,042.79 and surpassing both its 21-day line and the mark of $1,000 per share. The Nvidia partner joined the S&P 500 before opening on March 18 but experienced a decline of just under 9% in its first week.

Constellation Energy stock also experienced significant growth with a surge of over 5% up to $187.26, reaching new record highs and surpassing short consolidations that had previously weighed it down as an electric utility company benefits from increasing demand for energy in booming data centers as well as earnings announced late February . Meanwhile Moderna’s shares neared an actionable buy point of $114.25 from a cup-with-handle base after breaking out of their downtrend on Monday morning .

Investors could treat $137.93 as an alternate or add-on entry for DXCM stock while CEG stock has seen an impressive growth rate of over

Leave a Reply