The Chinese e-commerce giant reported quarterly revenue of $32.81 billion, marking an increase of 7% year-on-year but below an analyst estimate of $33.3 billion.
CEO Lisa Su said the new stock buyback authorization underlined the board's confidence in the company's strategic direction, growth prospects, and ability to consistently generate strong free cash flow.
Raymond James opined that Super Micro has positioned itself in a sweet spot between the branded IT suppliers, such as Dell and HP Enterprises, and contract manufacturers, such as Quanta.
Last week, Super Micro reduced its third-quarter net sales and adjusted earnings per share outlook, with the new guidance falling notably below the consensus.
U.S. commercial revenue surpassed a billion-dollar-annual-run-rate for the first time during the first quarter, while international commercial revenue saw some weakness.
Analysts, on average, expect Palantir to report adjusted earnings per share of $0.13 and revenue of $862.13 for the first quarter of the fiscal year 2025.
Gross margin for the quarter fell 220 basis points sequentially due to higher inventory reserves resulting from older generation products and higher costs to enable time-to-market for new products.
Ant Group's Wealthiness and Prosperity Holding will purchase 857.98 million shares of Bright Smart Securities, representing approximately 50.55% of the total issued shares, for HK$3.28 per share.
Morgan Stanley analyst said CoreWeave’s strong domain expertise in building and operating GPU clusters has helped it build more than $25 billion book of business in less than five years.
Wedbush analyst Daniel Ives said this was another win for the company as more federal customers turn to Palantir for improved AI capabilities in the military.
Among tech stocks, some "smid-cap" artificial intelligence names have attracted strong bearish bets, with the fluid macro and geopolitical conditions partly to be blamed.
Citi said Nvidia can partially pass down the increased GPU cost that may emanate from the trade war, given its technology leadership and AI GPU price in-elasticity.
Renowned macroeconomic expert Nouriel Roubini, also referred to as 'Dr. Doom' or 'permabear,' a moniker he earned by correctly predicting the 2008 financial crisis, has a bullish outlook on the U.S. and global economy, defying several Wall Street forecasts in recent weeks.
