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2025-01-072025-01-071111100
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2025-01-072025-01-071111100
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Symbol SMCI
Name Super Micro Computer, Inc.
Currency USD
Sector Information Technology
IndustryGroup Technology Hardware & Equipment
Industry Technology Hardware, Storage & Peripherals
Market NASDAQ Global Select
Country United States
State CA
City San Jose
Zipcode 95131
Website http://www.supermicro.com
Super Micro Computer Inc. shares experienced significant volatility as the company works to avoid delisting from Nasdaq. After hiring BDO USA as its independent auditor and submitting a compliance plan, shares surged by 13%, marking a 78% weekly gain and positioning the firm for its best week ever. This rebound follows a tumultuous period characterized by allegations of accounting issues and filing delays that erased earlier stock gains.
U.S. markets rebounded from geopolitical tensions, with Nvidia"s upcoming earnings report taking center stage, driving its shares up 4.9%. Analysts believe Nvidia"s performance will significantly impact the S&P 500, overshadowing other economic indicators. Meanwhile, Japan"s exports showed signs of recovery, and Burberry"s stock outlook improved following a strategic revamp.
Super Micro Computer is experiencing a recovery rally on Wall Street, with the SMI higher in pre-market trading, while major Japanese chip stocks like Tokyo Electron and Advantest saw declines. Concerns linger over Nvidia"s upcoming guidance, as analysts highlight the importance of chip demand for the next quarter, with Nvidia"s performance serving as a key indicator for the tech sector"s AI trajectory.
05:43 20.11.2024
Super Micro Computer (SMCI) is poised for significant growth, with Q1 2025 revenue expected at $5.95 billion, reflecting a 181% year-on-year increase. Post-earnings, the stock exhibits high volatility, with sharp price movements influenced by market sentiment and earnings surprises. Investors should employ risk management strategies to navigate this volatility effectively.
IG
05:34 20.11.2024
Nvidia"s upcoming earnings report is generating significant anticipation, overshadowing geopolitical tensions, including Russia"s warning of a nuclear response to Ukraine"s missile strikes. U.S. markets showed resilience, with the S&P 500 and Nasdaq closing higher, while Qualcomm projected $22 billion in additional annual revenue by 2029. Investors are keenly focused on Nvidia"s performance and its next-generation Blackwell chips, which are critical for maintaining its lead in the AI chip market.
Super Micro Computer shares surged over 30% after appointing BDO as its new auditor and submitting a compliance plan to Nasdaq, aiming to retain its listing. Despite this rebound, the company has lost about 75% of its value since March, amid ongoing scrutiny over accounting practices and a DOJ probe. Super Micro, a key player in the AI sector, reported sales exceeding $15 billion last fiscal year, but has faced significant challenges following a delay in filing its annual report.
Tesla"s 5.6% surge helped the Nasdaq end a four-day losing streak, while the S&P 500 rose 0.4%. In contrast, Nvidia"s shares fell 1.3% due to overheating issues with its new chips, impacting the S&P and Nasdaq negatively. Meanwhile, Super Micro Computer"s stock soared 16% after announcing compliance measures with Nasdaq.
Tesla shares surged 5.6% following reports of a federal framework for self-driving vehicle regulation, offsetting Nvidia"s 1.3% decline due to overheating issues with its new chips. The S&P 500 rose 0.4%, while the Nasdaq Composite gained 0.6%, marking a rebound after recent losses. Super Micro Computer"s stock soared 16% as it sought Nasdaq compliance, reflecting a broader positive sentiment in the market despite some headwinds.
Stock futures remained stable as investors anticipate significant earnings reports from retailers and Nvidia this week. The Dow Jones futures dipped 0.08%, while Walmart shares rose 0.8% ahead of its earnings announcement. Super Micro Computer"s shares surged over 37% in after-hours trading after appointing a new auditor, despite facing compliance issues with Nasdaq.
Super Micro Computer has appointed BDO as its new auditor and submitted a compliance plan to Nasdaq, resulting in a 23% surge in shares. The company is working to file its overdue 2024 year-end report after facing scrutiny over accounting practices and a DOJ probe. Despite recent challenges, Super Micro"s sales have more than doubled, driven by its partnership with Nvidia.
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