SMCI shares are surging 13% after hours after the announcement that it's going to be added to the S&P 500.

In case you don't follow growth stocks, SMCI makes servers powered by NVDA chips. Demand for these has been insatiable due to Generative AI applications powered by LLMs like GPT4, Claude, Llama, Cohere and others.

I've held SMCI on and off since Jan 2023. Because of it's volatility, I have sold whenever the price fell below its 50-day moving average. My latest purchase was on Jan 12 at $320, and it never fell below the 50 dma since then. Looks like it will be back above $1,000 tomorrow for a return of 220% in just 2 months.

My earliest purchase was back in Dec 2022 at only $81/sh. I, of course, wish I'd held on to those shares, but I'm pretty systematic when it comes to my swing trading.

There's a good discussion of SMCI over on Saul's board at discussion.fool.com - Smci fair value and forward expectations