Supermicro stock rose after JPMorgan upgrade, while Micron stock dropped on margin concerns.

From Yahoo Finance: 2025-03-21 16:58:00

The S&P 500 gained 0.1% on Friday, snapping its weekly losing streak. Supermicro shares surged after an upgrade from JPMorgan analysts. Micron Technology shares tumbled due to concerns about gross margins. Major U.S. equities indexes ticked higher to end the trading week with gains.

The Dow, S&P 500, and Nasdaq all posted gains for the week. Super Micro Computer shares gained the most in the S&P 500 after an upgrade from JPMorgan. Tesla shares rose after CEO Elon Musk’s all-hands meeting with employees. Boeing shares advanced after receiving a contract to build the F-47.

Micron Technology shares fell 8% in the S&P 500. Texas Pacific Land shares dropped following reports of insider selling. FedEx missed profit estimates and cut its full-year outlook. Steelmaker Nucor provided a lower profit forecast for the first quarter of 2025.

Read more: Supermicro Soars on Expectations of AI-Driven Growth