Shares of Super Micro Computer (SMCI) and Deckers Outdoor (DECK) are experiencing a surge as they make their debut in the S&P 500 (^GSPC) index on Monday.
Super Micro Computer will be joining the index’s IT sector, riding on an impressive 12-fold growth over the past year, surpassing even Nvidia (NVDA), the S&P 500’s top performer.
Meanwhile, Deckers Outdoor — the company behind footwear brands like Hoka and UGG — has also secured its place in the benchmark index. The stock has already delivered a remarkable 36% year-to-date return, outpacing its competitors in the highly competitive footwear market.
Yahoo Finance’s Reporter Madison Mills breaks down the details.
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Editor’s note: This article was written by Angel Smith
