Plug Power Inc (PLUG)

[B_B!]

2 meme-stocks, AMC and Plug Power are replacing the 2 ‘micros’ in the Russell 2000.

“The Russell needs a few more meme-ish stocks, not fewer, if it is to start generating better returns.”

The 2 'micro' companies powering the small-cap Russell 2000 this year: Chart of the Week
Ethan Wolff-Mann Sat, Apr 20, 2024
But the small-cap Russell 2000 index has its own pair of Magnificent members: “The Micros.”

Together, MicroStrategy (MSTR), the bitcoin proxy play led by the endlessly quotable Michael Saylor, and Super Micro Computer (SMCI), a cloud storage company riding the AI demand for more computing power, are responsible for single-handedly keeping the index’s year from going from bad to worse.
The Russell is down well over 3% this year, and without these two stocks’ performance, it would be down around 7% as of Thursday, according to DataTrek. As DataTrek’s co-founder Nicholas Colas put it this week, “The Russell needs a few more meme-ish stocks, not fewer, if it is to start generating better returns.”
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https://finance.yahoo.com/news/the-2-micro-companies-powering-the-small-cap-russell-2000-this-year-chart-of-the-week-120029786.html