Super Micro Computer and Deckers Outdoor Enter S&P 500

Super Micro Computer and Deckers Outdoor are set to join the S&P 500 index, as announced by S&P Dow Jones Indices after the market closed on Friday. This change will see them replacing Whirlpool and Zions Bancorp, which will move to the S&P MidCap 400 index. The reshuffling of companies will take place before the trading session opens on March 18 in conjunction with the quarterly rebalance of the indexes.

Market Representation Shift

According to S&P Dow Jones Indices, the market values of Super Micro, a server manufacturer specializing in AI applications, and Deckers Outdoor are better aligned with their new indexes. Super Micro has experienced significant growth this year, with its shares more than tripling in value. During Friday’s regular trading session, the stock rose by 4.5% to $905.48 and surged an additional 16% to $1,048 in premarket trading on Monday.

Super Micro’s strong performance has been a key driver of gains in both the S&P MidCap 400 index and the Russell 2000 index, where it holds the largest share. With a market valuation exceeding $50 billion, Super Micro will become the largest company in the S&P MidCap 400 index and is poised to rank among the top companies in the S&P 500 index upon inclusion.

Deckers Outdoor’s Growth

Deckers Outdoor, known for brands like Ugg shoes and Hoka sneakers, boasts a market value of approximately $22 billion. The company has seen a 35% increase in its shares this year, with the stock rising by 0.9% to $903.29 in Friday’s regular trading and by another 4.5% on Monday.

Stock Performances of Whirlpool and Zions

In contrast, Whirlpool and Zions, valued at around $6 billion each, will exit the S&P 500 index. Whirlpool experienced a 1% decline to $105.72 on Monday, while Zions saw a 1.8% drop to $38.07.

The forthcoming changes in the S&P indexes reflect the evolving market dynamics and underline the importance of adaptability in the investment landscape.