Two Hot AI Stocks Lead S&P 500 Monday

Super Micro Computer (SMCI), Micron Technology (MU), Constellation Energy (CEG), Dexcom (DXCM) and Moderna (MRNA) were the top S&P 500 index gainers on the stock market today.

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Super Micro stock leapt 7.2% to 1,042.79, vaulting back above the 21-day line and the 1,000. The AI server maker uses chips from Nvidia (NVDA) and others.

SMCI stock is easily top performer in the S&P 500, surging 267.3% in 2024. (Nvidia stock, in second place, is up 92%.) The Nvidia partner joined the S&P 500 before the open on March 18, tumbling 9% in its first week.

Super Micro is on the IBD Big Cap 20.

Micron stock umped 6.2% to 117.04, continuing its powerful move last week following a surprise profit and bullish guidance thanks to AI tailwinds. The memory-chip giant is now up 37.25% in 2024. That’s No. 6 in the S&P 500 this year.

Dexcom stock gained 5.2% to 140.10, decisively clearing a mini-consolidation within the buy zone of a flat base. While extended from the flat base’s 132.03 buy point, investors could treat 137.93 as an alternate or add-on entry. DXCM stock is on IBD Leaderboard.

Constellation Energy stock popped 5.1% to 187.26, hitting a record high, clearing a very short consolidation. CEG stock skyrocketed on earnings in late February. Constellation Energy is big electric utility, but it’s a tangential AI play as booming data centers have a voracious demand for energy. Constellation Energy stock is up 60.2% this year, behind only Super Micro and Nvidia stock within the S&P 500.Moderna stock rose 4.7% to 11.38, moving toward a 114.25 buy point from a cup-with-handle base. Shares were actionable Monday from breaking the downtrend of the handle.

Please follow Ed Carson on Threads at @edcarson1971 and X/Twitter at @IBD_ECarson.


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