- Super Micro Computer shares rose 8.86 % as Cisco partnered with the company to expand AI infrastructure solutions.
- SanDisk saw increased trading activity following a significant stake increase by Jane Street to 7.41 million shares.
- Dell Technologies gained 4.04 % as strong AI server demand and positive analyst target adjustments boosted market sentiment.
- Super Micro Computer stock rose 9% to $38.39 following a partnership expansion with Cisco to build AI hardware platforms utilizing liquid-cooled servers and Nvidia chips.
- Investor sentiment was further lifted as Taiwanese prosecutors charged nine individuals over server shipments to restricted regions while confirming Super Micro faces no charges.
- CEO Charles Liang projects full-year revenue to top $65 billion, supported by a record $60 billion order backlog and surging AI-related server demand.
- Cisco expanded its Secure AI Factory with NVIDIA through a partnership with Supermicro to integrate rack-scale, high-density AI compute.
- This collaboration broadens Cisco’s full-stack AI infrastructure offerings for enterprises, neoclouds, and sovereign clouds, targeting NVIDIA Cloud Partner compliance.
- Cisco plans to begin offering the Supermicro compute integration starting in October 2026.
- US pre-market trading featured notable movements in Super Micro Computer, Quanta Services, and Swvl amidst sector-wide technology trends.
- Super Micro Computer rose 3.17 % despite facing regulatory scrutiny and a target price cut to 34 USD by Mizuho, while Swvl surged 103.40 % after completing a 13 million USD private placement led by Coefficient LP.
- Quanta Services increased by 3.09 % amid ongoing market re-evaluations of its valuation and moderate analyst ratings.
- Iraq aims to more than double its oil production to between 8 million and 10 million bpd within six years, seeking to rival Saudi Arabia's output.
- To achieve this ambitious goal, Iraq relies on the capital and expertise of major Western energy companies to develop its vast oil and gas fields.
- Chevron, ConocoPhillips, and ExxonMobil are positioned to benefit from this expansion through significant operational agreements and field development projects in Iraq.