SMCI Index Inclusion - Part 2

Et tu Shrub?

Happy Ides of March to those who celebrate!

Ironically, today is also the day that Super Micro (SMCI) gets added to the S&P 500. I considered this to be a major milestone in the AI Story. And only a few days before AI Woodstock! What could possibly go wrong from here?!

I wrote a whole piece on the SMCI Index inclusion here and I suggest you read it.

Here’s what I said:

I went out on a limb on Twitter in the past to say that SMCI will peak once it enters the S&P 500.

Given the actual inclusion date is March 18th, the stock has plenty of time to completely obliterate any monkeys caught short. After the index addition, the Passive monkeys will end up owning the stock in a hyper-inflated price and be grateful about it too.

I will be tempted to switch from a positive view to a negative view on the day, depending on how this plays out.

Since then, SMCI is up around +25%.

Which brings us to today.