Matrix string theory (or more generally U-duality) requires super-Yang-Mills theory to reflect a stringy degeneracy of BPS short multiplets. These are found as supersymmetric states in the Yang-Mills carrying (fractionated) momentum, or in some cases, instanton number. Their energies also agree with those expected from M(atrix) theory. A nice parallel also emerges in the relevant cases, between momentum and instanton number, (both integral as well as fractional).