Summary: Super Micro Computer (SMCI) stock has plummeted more than 30% due to a delay in its annual report following accusations of accounting manipulation by Hindenburg Research. JPMorgan analysts downgraded the stock to Neutral and slashed its price target. Other analysts from Barclays and CFRA also downgraded the stock recently.
Full articleSummary: NVIDIA and Super Micro are being discussed for their potential in the AI hardware market, with projections showing significant growth. Super Micro is seen as having more room to grow and being less expensive than NVIDIA. Super Micro has a Zacks Rank #2 (Buy) with very strong return on equity (ROE).
Full articleSummary: Dow Jones and Nasdaq are up; S&P 500 is higher. Tech stocks are rebounding as the 10-year Treasury yield climbs. VIX is pulling back sharply from highest level since March 2020. Options bulls target Wynn Resorts, Limited (WYNN) stock. Upstart Holdings Inc (UPST) reports strong performance, while Super Micro Computer Inc (SMCI) is down after missing earnings estimates.
Full articleSummary: Major U.S. indexes moved higher on Wednesday, led by gains in major tech companies, as the market looks to extend its comeback from steep losses earlier in the week. Investors are digesting a slew of earnings reports. Meanwhile, the yield on 10-year Treasurys rose for the second straight day, and crude oil prices increased, driven by concerns in the Middle East.
Full articleSummary: S&P 500 and Nasdaq gain as investors await Powell testimony on economy and interest rate cuts. Chipmakers such as Nvidia, Super Micro Computer, Micron, Intel are among top gainers.
Full articleSummary: Corning provided upbeat guidance on upcoming earnings, expects first year-over-year revenue growth since October 2022, and broke into new all-time high territory. Intel rallied following a bullish story in Barron’s, building a strong bottom at $30 and showing bullish momentum. Super Micro Computer saw fresh buying interest as large cap technology stocks perform well in July, and shares are expected to break above $900 with moving averages turning bullish.
Full articleSummary: Supermicro and Baidu are considered to have more upside potential than Palantir Technologies due to their cheaper valuations relative to estimated sales growth over the next three years.
Full articleSummary: The pace of AI adoption has accelerated, leading to companies like Microsoft and Nvidia dominating the rankings. Super Micro Computer (SMCI) is speculated to join the $1 trillion club due to the increasing demand for servers for AI systems.
Full articleSummary: Super Micro Computer (NASDAQ: SMCI) has outperformed Nvidia this year and is predicted to surge further by 70% due to its close partnerships and innovative technologies like direct liquid cooling (DLC). Loop Capital analyst raised price target to $1,500 citing Supermicro's leadership in AI deployments and growth prospects.
Full articleSummary: Rise in stock prices of Super Micro (SMCI) and Dell (DELL) due to their involvement in providing hardware for AI companies like Elon Musk's project, as investors increasingly show interest in AI-related stocks and their suppliers.
Full articleSummary: Dell Technologies partners with NVIDIA for AI Factory to enhance Grok AI model developed by xAI; xAI collaborates with Super Micro Computer for supercomputer construction; xAI plans to build 'Gigafactory of Compute' with Oracle to boost Grok AI capabilities.
Full articleSummary: Top gainers on the S&P 500 index were Autodesk (ADSK), Broadcom (AVGO), Tesla (TSLA), Super Micro Computer (SMCI), and Steel Dynamics (STLD). Top losers on the S&P 500 index were First Solar (FSLR), Align Technology (ALGN), Vistra Energy (VST), Match Group (MTCH), and Enphase Energy (ENPH).
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