This Small-Cap Stock Index Has Some Jumbo-Size Tenants.

Super Micro Computer and MicroStrategy, two stocks tied to artificial intelligence and cryptocurrency, have significantly boosted the Russell 2000 small-cap stock index. Super Micro's stock has surged 237% this year due to increased demand for servers that power generative AI capabilities, while MicroStrategy has advanced 156% due to the rising value of its cryptocurrency holdings. Together, these stocks have a combined market value of $84 billion and accounted for over a third of the Russell 2000's return in the first quarter. However, they are expected to depart from the index during its annual rebalancing in June. [Extracted from the article]