From Yahoo Finance: 2025-06-03 18:07:00

Walmart maintains its top spot on the Fortune 500 list for the 13th year in a row, showcasing its resilience through economic challenges. Despite the tech sector facing difficulties in 2024, an AI stock favored by short sellers surged on the list, while Nvidia struggled against volatility.

Super Micro Computer, an IT hardware producer, climbed 206 spots on the Fortune 500, surprising experts. Despite facing accusations of accounting manipulation, the company reported strong growth, with revenue nearing $15 billion and one-year profit growth reaching $1.15 billion.

Short interest in Super Micro Computer surged, with data showing it accounts for nearly 21% of the stock’s float. Despite this, the company reported robust growth, driving its rise on the Fortune 500. Experts believe the company’s progress is sustainable, challenging short sellers’ perceptions.

Super Micro Computer’s strategic position in AI, cloud computing, and data center infrastructure propelled its rapid climb on the Fortune 500. The company’s collaboration with Nvidia and Intel has positioned it as a key player in the tech industry, with strong revenue and profit growth indicating sustainability.



Read more at Yahoo Finance: Heavily shorted AI stock is rapidly climbing the Fortune 500