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Super Micro stock sinks 20% after earnings, outlook disappoint

Super Micro stock sinks 20% after earnings, outlook disappoint

Super Micro Computer shares plunged 20% on Wednesday after the company posted weaker-than-expected fiscal fourth quarter results, dented in part by President Donald Trump’s tariffs. CEO Charles Liang told investors on a conference call that the company has “taken measures to reduce the impact” of the tariffs. “With respect to the tariffs, the situation is

Super Micro stock sinks 20% after earnings, outlook disappoint Read More »

Shopify stock soars 20% on rosy guidance as CFO says tariff hit ‘did not materialize’

Shopify stock soars 20% on rosy guidance as CFO says tariff hit ‘did not materialize’

The logo of Shopify is seen outside its headquarters in Ottawa, Ontario, on Sept. 28, 2018. Chris Wattie | Reuters Shopify shares soared 20% Wednesday after the company topped analysts’ estimates for the second quarter, and gave rosy guidance for the third quarter. Here’s how the company did, compared with estimates from analysts polled by

Shopify stock soars 20% on rosy guidance as CFO says tariff hit ‘did not materialize’ Read More »

Uber beats on revenue, announces  billion stock buyback

Uber beats on revenue, announces $20 billion stock buyback

Dara Khosrowshahi, CEO of Uber, speaking on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 22, 2025. Gerry Miller | CNBC Uber reported second-quarter results on Wednesday that beat on revenue and announced the authorization of a $20 billion stock buyback. Here’s how the company did versus analysts’ estimates compiled by LSEG: Earnings per

Uber beats on revenue, announces $20 billion stock buyback Read More »

Musk says Tesla is training an upgraded Full Self-Driving model which could be released next month

Musk says Tesla is training an upgraded Full Self-Driving model which could be released next month

The Tesla Motors Inc. logo. Michael Short | Bloomberg | Getty Images Tesla is now training a new Full Self-Driving model boasting “big” video improvements and size upgrades, CEO Elon Musk said Wednesday on social media. “Tesla is training a new FSD model with ~10X params and a big improvement to video compression loss. Probably

Musk says Tesla is training an upgraded Full Self-Driving model which could be released next month Read More »

U.S. charges two Chinese nationals for illegally shipping Nvidia AI chips to China

U.S. charges two Chinese nationals for illegally shipping Nvidia AI chips to China

China is one of Nvidia’s largest markets, particularly for data centers, gaming and artificial intelligence applications. Avishek Das | Lightrocket | Getty Images Two Chinese nationals in California have been arrested and charged with the illegal shipment of tens of millions of Dollars‘ worth of AI chips, including from Nvidia, the Department of Justice said

U.S. charges two Chinese nationals for illegally shipping Nvidia AI chips to China Read More »

Super Micro shares plunge 15% on weak results, disappointing guidance

Super Micro shares plunge 15% on weak results, disappointing guidance

Charles Liang, CEO of Super Micro, speaks at the Computex conference in Taipei, Taiwan, on June 1, 2023. Walid Berrazeg | Sopa Images | Lightrocket | Getty Images Super Micro Computer shares slid 15% in extended trading on Tuesday after the server maker reported disappointing fiscal fourth-quarter results and issued weak quarterly earnings guidance. Here’s

Super Micro shares plunge 15% on weak results, disappointing guidance Read More »

AMD reports weaker-than-expected earnings even as revenue tops estimates

AMD reports weaker-than-expected earnings even as revenue tops estimates

Lisa Su, CEO of Advanced Micro Devices, and Sam Altman, CEO of OpenAI, testifiy during the Senate Commerce, Science and Transportation Committee hearing titled “Winning the AI Race: Strengthening U.S. Capabilities in Computing and Innovation,” in Hart building on Thursday, May 8, 2025. Tom Williams | CQ-Roll Call, Inc. | Getty Images Advanced Micro Devices

AMD reports weaker-than-expected earnings even as revenue tops estimates Read More »

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