• Wed. May 22nd, 2024

S&P 500 Winners: Micron Technology, Super Micro Computer, and Constellation Energy Lead the Way with Big Gains

BySamantha Nguyen

Mar 26, 2024
On Monday, Super Micro and Micron Lead S&P 500 AI Stocks

Today, several companies made significant gains on the S&P 500 index. Micron Technology (MU) and Super Micro Computer (SMCI) led the way with an increase of 6.2% and 7.2%, respectively.

Micron’s strong momentum continued from last week due to a surprise profit and optimistic guidance linked to AI trends, pushing its stock price up by 37.25%. Dexcom also saw a rise of 5.2%, breaking through a mini-consolidation within the buy zone of a flat base. Constellation Energy stock surged 5.1% up to 187.26, reaching a record high and breaking through a short consolidation.

On the other hand, SMCI stock has been the top performer in the S&P 500, having surged 267.3% in 2024 after joining the S&P 500 before the open on March 18 and experiencing a slight decline in its first week due to partner Nvidia (NVDA). Moderna also rose by 4.7%, nearing a potential buy point from a cup-with-handle base.

Investors could consider treating 137.93 as an alternate or add-on entry for DXCM stock, while CEG stock has seen a massive increase of over 60% this year, placing it behind only SMCI and Nvidia among top performers in the S&P 500. For more updates on these stocks and others, follow Ed Carson on Threads at @edcarson1971 and Twitter at @IBD_ECarson.

To help navigate the market successfully, investors can use tools like MarketSurge and SwingTrader to uncover potential winning stocks while avoiding losses during trading sessions.

In summary, Micron Technology (MU), Super Micro Computer (SMCI), Constellation Energy (CEG), Dexcom (DXCM), and Moderna (MRNA) were among the top gainers on the S&P

By Samantha Nguyen

As a content writer at newsskio.com, I weave words to craft compelling narratives that captivate readers and bring stories to life. With a keen eye for detail and a passion for storytelling, I strive to create engaging and informative content that resonates with our audience. Whether I'm delving into the latest news trends or exploring unique angles on various topics, my goal is to deliver quality content that informs, entertains, and inspires. Join me on this journey as we uncover the news stories that matter most.

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