Super Micro shares jump as AI-bet gears up for S&P 500 entry

FILE PHOTO: Logos of Super Micro Computer are pictured at COMPUTEX Taipei, one of the world's largest computer and technology trade shows, in Taipei, Taiwan May 30, 2023. REUTERS/Ann Wang/File Photo

(Reuters) -Shares of Super Micro Computer jumped 14% on Monday after the artificial-intelligence server maker was set to join the S&P 500 index, highlighting the growing dominance of AI stocks in Wall Street's benchmark index.

The San Jose, California-based firm is among the biggest beneficiaries of the AI frenzy on Wall Street.