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**S&P 500 Update: Super Micro Computer Skyrockets Amid AI Expectations!**
**Main Highlights:**
* The S&P 500 managed a marginal increase (0.1%) on Friday, March 21st, halting a losing trend.
* Super Micro Computer (SMCI) stole the spotlight! Its shares surged due to an upgrade from JPMorgan. Experts predict substantial interest in Super Micro’s servers utilizing NVIDIA’s innovative Blackwell processors, fueled by the AI surge!
* Micron Technology (MU) experienced a decline. Despite solid profits, shareholders are anxious about their earnings potential on these processors.
**The Broader View:**
The leading U.S. stock indicators were able to finish slightly higher on the final day of the trading session, concluding their recent decline.
Both the S&P 500 and the Dow Jones Industrial Average increased marginally by 0.1% on Friday. The Nasdaq Composite, which is heavily weighted toward technology, performed somewhat better, increasing by 0.5%. All three indexes finished the week in the green: the Dow increased by 1.2%, the S&P 500 increased by 0.5%, and the Nasdaq increased by 0.2%. Solana Co-Creator Anatoly Yakovenko Says Layer 2 Solutions are Unnecessary
**Notable Performers:**
* **Super Micro Computer (SMCI):** As previously stated, a significant 7.8% increase occurred after JPMorgan raised its rating, anticipating robust demand for AI infrastructure (as well as those NVIDIA Blackwell-powered servers!).
* **Tesla (TSLA):** Increased by 5.3%. Elon Musk convened an all-employee gathering on Thursday evening, encouraging them to retain their stock in an attempt to restore confidence after the stock price had been cut in half over the previous couple of months.
* **Boeing (BA):** Climbed 3.1% after the U.S. Air Force awarded the business a contract to construct the F-47, the next generation fighter aircraft. Although the financial specifics are still unknown, *The Wall Street Journal* projects that development and procurement may surpass $50 billion. A setback for Lockheed Martin (LMT), which was unsuccessful in the agreement; its stock decreased by 5.8%.
Micron Technology (MU) shares experienced a sharp decline of 8%, positioning it as the poorest performing stock within the S\&P 500. This plunge occurred after a price objective reduction by Citi experts, who mentioned growing worries regarding the company’s gross margin path. Although the memory chip manufacturer’s Q2 revenue and earnings surpassed anticipations, shareholders are clearly nervous.
Adding more concern, reports emerged concerning considerable insider selling. Texas Pacific Land Corporation (TPL) also suffered a setback, decreasing 7.2%, after executives, including the SVP, General Counsel, and CFO, unloaded a substantial part of their holdings. Insider selling is frequently regarded as an unfavorable indicator, implying a deficiency of confidence in the company’s prospect.
FedEx (FDX) shares weren’t excluded either, falling 6.5% on Friday. The company failed to meet quarterly profit forecasts and reduced its full-year outlook, attributing it to economic unpredictability. Experts at Bank of America and UBS immediately decreased their price objectives on the stock.
Lastly, steel manufacturer Nucor (NUE) observed its stock price diminish by 5.8% after issuing a weaker-than-anticipated Q1 2025 profit prediction. The company foresees reduced profits in its steel products division because of soft steel prices applying pressure on average selling prices.
