Super Micro Computer

$Super Micro Computer(SMCI.US)

Context: Super Micro Computer (SMCI) stock rebounded 1.73% in Thursday's after-hours trading, recovering some losses after an 11% plunge during the regular session. The rebound came after the AI server maker denied having any business ties to Megaspeed, following reports of Justice Department investigations involving the companies.The latest concerns came just days after Super Micro delivered a strong fiscal first-quarter report. The company beat Wall Street's revenue and earnings estimates for its fiscal first quarter. Earnings per share came in at $1.81, above the $1.28 estimate. Revenue nearly quadrupled year over year to $19.95 billion, beating the $16.29 billion forecast. It also topped the company's own estimate of $18.5 billion to $19.5 billion. Gross margin rose to 12.8% from 9.5% a year earlier. It also beat Wall Street's estimate of 11%, showing better profits on sales. Super Micro also gave a strong outlook for the current quarter. It expects revenue of $19.5 billion to $21.5 billion, well above the $17.51 billion analyst estimate. Its EPS forecast of $1.66 to $1.90 also topped Wall Street's $1.14 estimate.

My Trade: Was waiting for a further drop to buy more as the steep decline is an overreaction in my opinion.

Takeaway: For the full fiscal year, the company expects revenue of $72 billion to $82 billion. The forecast pointed to continued demand for Super Micro's AI servers as data center spending remains strong. @Captain's Treasure

$NVIDIA(NVDA.US) is now facing a Justice Department antitrust probe, hours after Jensen Huang resigned as CEO

Source: StockMarket.News

AI stocks may have bottomed

$Super Micro Computer(SMCI.US)

Context: SMCI reported fiscal 2027 first-quarter net sales of $19.95 billion, up 298% from a year earlier and well above the market consensus of about $16.4 billion. Adjusted earnings per share came in at $1.81, topping the $1.25 estimate. Super Micro raised its full-year revenue guidance to $72.0 billion to $82.0 billion, up from a prior range of $65.0 billion to $72.0 billion. Second-quarter revenue is guided at $19.5 billion to $21.5 billion, also exceeding the $16.53 billion consensus. Non-GAAP gross margin was 12.8%, down sequentially due to customer pickup timing, CFO Mark Long said, noting that margins still improved when combining the first and fourth quarters. Separately, the company announced a strategic AI partnership with SambaNova to build inference systems using SN50 chips and NVIDIA GPUs.

My Trade: Remain as it is, waiting for lower price to accumulate or higher price to take profit.

Takeaway: The stock was up 8% after hours but now trading sideways due to broader weaker momentum in the chips sector. @Captain's Treasure

Chips company are mixed right now, with AMD, SMCI up in share price after beating earnings while others like Nvidia and TSM are down slightly. Most of the other names are also rebounding after Midterms results are officially out. Let's see if this upwards momentum can last

📌🇺🇸🇸🇬 last session beat up sg beat down, later just merely watch and no action is really needed this stage ! As said up and down they simply take turn!

Democrat flipped and won both House and Senate, uncertainty over mid term election is over. market seems recovering but is it a dead cat bounce? going forward democrats has many things to do to scrutinise DT's govt and power. more uncertainty ahead?

AMD, S&P 500, Nasdaq Composite Index, Nvidia, Micron Texh, Sandisk, Arista Networks, Super Micro Computer, and Grab US stocks increase.

However, local stocks fall.

Hang Seng Index Hong Kong stocks slightly rise.

Oil and gold prices decrease due to mixed US-Iran signals.

Will the lower oil price improve the companies’ production cost?

I think SG market will dip further as the Banks dips after Q3 earnings.