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Wire

Super Micro Computer Says Collaborating With Taiwan to Avoid Diversion of Servers Into China

Super Micro Computer (SMCI) said Thursday it is collaborating with Taiwanese authorities to prevent illicit diversion of its servers into the restricted Chinese market.The company said its collaboration with the authorities led to the arrest of three suspects and the seizure of 50 servers that had been deceptively bought after they were sold by Supermicro to an authorized reseller.The case "highlights the challenges that can arise when products are resold through multiple downstream parties beyond direct manufacturer control," the company said.Price: $37.98, Change: $-0.21, Percent Change: -0.55%

$SMCI
Sectors

Sector Update: Tech Stocks Fall Late Afternoon

Tech stocks were lower late Wednesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) down 0.5% and the State Street SPDR S&P Semiconductor ETF (XSD) falling 2.4%.The Philadelphia Semiconductor index lost 1.5%.In corporate news, Zscaler (ZS) shares tumbled 31% after the cloud security company provided a fiscal Q4 revenue outlook below market estimates, even though it reported better-than-expected results for the prior three-month period.Meta Platforms (META) plans to sell Meta AI chatbot consumer subscriptions for the first time, as the company looks to offset its billions of dollars of investments in AI, Bloomberg reported. Meta shares rose 3.4%.Super Micro Computer (SMCI) shares added 2.6% after the firm said Verda has selected its Nvidia (NVDA) GPU-accelerated, rack-scale systems for its AI cloud infrastructure in Europe.Taiwan Semiconductor Manufacturing (TSM) Chief Executive C.C. Wei told employees they will receive a more than 30% increase in profit-sharing payouts on average this year, driven by strong earnings growth fueled by AI demand, Bloomberg reported. Taiwan Semiconductor shares gained 3%.

$META$SMCI$TSM$ZS
Sectors

Sector Update: Tech Stocks Fall Wednesday Afternoon

Tech stocks were lower Wednesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) down 0.7% and the State Street SPDR S&P Semiconductor ETF (XSD) falling 2%.The Philadelphia Semiconductor index lost 1.9%.In corporate news, Zscaler (ZS) shares tumbled 31% after the cloud security company provided a fiscal Q4 revenue outlook below market estimates, even though it reported better-than-expected results for the prior three-month period.Super Micro Computer (SMCI) shares added 2.1% after the firm said Verda has selected its Nvidia (NVDA) GPU-accelerated, rack-scale systems for its AI cloud infrastructure in Europe.Taiwan Semiconductor Manufacturing (TSM) Chief Executive C.C. Wei told employees they will receive a more than 30% increase in profit-sharing payouts on average this year, driven by strong earnings growth fueled by AI demand, Bloomberg reported. Taiwan Semiconductor shares rose 2%.

$SMCI$TSM$ZS
Wire

Super Micro Computer Shares Rise After Verda Selects Rack-Scale Systems

Super Micro Computer (SMCI) shares were up close to 3% in Wednesday trading after it said European artificial intelligence cloud provider Verda has selected its NVIDIA GPU-accelerated, rack-scale systems for its AI cloud infrastructure in Europe.Financial terms were not disclosed."Supermicro is happy to collaborate with Verda to bring the next generation of AI infrastructure to the world," said Supermicro Chief Executive and President Charles Liang."Our DCBBS design, engineering, and support expertise, combined with the latest NVIDIA Blackwell-based systems, enable customers like Verda to rapidly deploy high-performance, energy-efficient AI infrastructure at scale."Price: $38.61, Change: $+1.51, Percent Change: +4.07%

$SMCI
International

Top Midday Stories: Nvidia Chips Said at Center of Smuggling Probe; TCI Slashes Nearly All Its $8 Billion Microsoft Stake

All three major US stock indexes were up in late-morning trading Friday following a better-than-expected jobs report.Nonfarm payrolls rose by 115,000 in April, above the Bloomberg survey consensus estimate of 65,000, the Bureau of Labor Statistics said Friday. March payrolls were revised up to a 185,000-job gain, while February payrolls were revised down to a 156,000-job decrease, the BLS said. The unemployment rate remained at 4.3% in April, as expected, while the labor force participation rate fell to 61.8% from 61.9% in March, the agency said.In company news, Nvidia (NVDA) chips are at the center of a suspected $2.5 billion smuggling scheme involving Super Micro Computer (SMCI) servers diverted to China through Bangkok-based OBON, Bloomberg reported Friday, citing people familiar with the matter. Alibaba (BABA) is among the alleged end customers of the scheme, the report said. In a March indictment, US prosecutors outlined how Super Micro worked with a Southeast Asian company identified by sources as OBON to bypass trade restrictions, the report said. Nvidia shares were up 2.1% and Super Micro shares were up 4.5%, while Alibaba shares were marginally down.Hedge fund TCI cut its stake in Microsoft (MSFT) from 10% of its portfolio, or $8 billion, at the end of last year to 1% at the end of March, the Financial Times reported Friday, citing an investor letter it reviewed. Microsoft shares were down 1.1%.CoreWeave (CRWV) reported a Q1 net loss late Thursday of $1.40 per diluted share, narrowing from a loss of $1.49 a year earlier but below the FactSet consensus estimate of a loss of $1.18. First-quarter revenue was $2.08 billion, up from $982 million a year ago and above the FactSet consensus of $1.97 billion. CoreWeave shares were down 13%.Price: $216.03, Change: $+4.53, Percent Change: +2.14%

$BABA$CRWV$MSFT$NVDA$SMCI
Sectors

Sector Update: Tech Stocks Gain Late Afternoon

Tech stocks were higher late Wednesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 2.4% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 2.1%.The Philadelphia Semiconductor index climbed 4.1%.In corporate news, Advanced Micro Devices (AMD) reported stronger-than-expected Q1 results as demand for AI infrastructure pushed data center revenue higher year-on-year. Its shares jumped past 17%.Nvidia (NVDA) and Corning (GLW) said Wednesday they have entered a multiyear commercial and technology partnership to expand US manufacturing of advanced optical connectivity technology to power AI infrastructure. Nvidia shares gained 5.5%.Alphabet's (GOOGL) Google Cloud is slated to receive about $200 billion over five years from Amazon-backed (AMZN) Anthropic for computing capacity and processors, The Information reported. Alphabet shares climbed 2.1%.Super Micro Computer (SMCI) shares surged nearly 23% in late Wednesday trading, a day after the company reported a fiscal Q3 adjusted earnings beat.

$AMD$GOOGL$NVDA$SMCI
Sectors

Sector Update: Tech

Tech stocks were higher late Wednesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 2.4% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 1.9%.The Philadelphia Semiconductor index climbed 4.2%.In corporate news, Super Micro Computer (SMCI) shares surged past 24% in late Wednesday trading, a day after the company reported a fiscal Q3 adjusted earnings beat.

$SMCI
Wire

Update: Super Micro Computer Shares Rise After Fiscal Q3 Adjusted Earnings Beat

(Updates with the latest stock price movement in the headline and the first paragraph.)Super Micro Computer (SMCI) shares rose more than 22% in Wednesday trading, a day after the company reported a fiscal Q3 adjusted earnings beat.The company reported fiscal Q3 adjusted earnings late Tuesday of $0.84 per diluted share, up from $0.31 a year earlier.Analysts polled by FactSet expected $0.62.Revenue for the three months ended March 31 was $10.24 billion, up from $4.60 billion a year earlier.Analysts surveyed by FactSet expected $12.39 billion.For fiscal Q4, the company expects adjusted EPS of $0.65 to $0.79 and revenue of $11 billion to $12.50 billion. Analysts expect EPS of $0.55 and revenue of $11.06 billion.For the full-year fiscal 2026, the company expects revenue in the range of $38.90 billion to $40.40 billion. Analysts expect $40.89 billion.Price: $34.03, Change: $+6.20, Percent Change: +22.27%

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Research

Research Alert: CFRA Lowers Rating On Shares Of Super Micro Computer To Strong Sell From Sell

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We keep our price target at $16, 5.5x our FY 27 (Jun.) EPS view ($2.88), below SMCI's three-year average (~16x) given reputation risks and margin pressures. We lift our FY 26 EPS view by $0.35 to $2.58, lower FY 27's by $0.11 to $2.88, and initiate FY 28 at $2.92. We think SMCI's recent association with export control violations (BIS investigation still ongoing) could drive reduced demand, with Q3's 18% sales miss (attributed to customer fab readiness) worsening these fears. We also worry about access to suppliers (especially given memory shortages), and we point to SMCI's $10B Q/Q reduction in A/P (driving a $6.6B operating cash use) as a sign that customers are getting more cautious. Net debt now stands at $7.5B vs. $787M exiting Q2, and we suspect the BIS investigation is raising interest costs for SMCI that should start showing up on the bottom line. We think Q3's gross margin improvement (9.9%, +360 bps Q/Q) is largely mix-based (top customer 27% of sales vs. 63% in Q2) and not a structural improvement.

$SMCI
Wire

Super Micro Computer Gross Margin Surprise Drives Earnings Upside, Wedbush Says

Super Micro Computer's (SMCI) sales have largely met or exceeded expectations in recent quarters, but gross margins have been a consistent issue, though that changed this quarter as margins beat estimates handily, Wedbush Securities said Wednesday.The company's fiscal Q3 gross margin was nearly 10.1%, up 370 basis points sequentially. While it guided for margins to fall to 8.2% to 8.4% this quarter, they will still be about 80 basis points above Wedbush's prior outlook at the midpoint, according to the note.The company is seeing more demand from emerging/smaller neoclouds. These smaller customers seem to have less leverage to gain discounts, yielding better trends for Super Micro, according to the note.Wedbush updated its fiscal Q4 estimates and expects EPS of $0.72, revenue of $12 billion, and gross margins of 8%, compared with the prior forecast of $0.68, $12.58 billion and 7%, respectively.For fiscal 2026, the brokerage expects EPS of $2.61, revenue of $39.94 billion, and gross margins of 8.2%, versus $2.35, $42.64 billion and 7% previously.Wedbush kept a neutral rating on Super Micro Computer and lowered the price target to $34 from $42.Shares of the company rose more than 16% in Wednesday trading.Price: $32.49, Change: $+4.66, Percent Change: +16.74%

$SMCI
Wire

Barclays Cuts Price Target on Super Micro Computer to $34 From $38, Equalweight Rating Maintained

Super Micro Computer (SMCI) has an average rating of hold and mean price target of $35.33, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $32.43, Change: $+4.60, Percent Change: +16.53%

$SMCI
Wire

Rosenblatt Securities Adjusts Super Micro Computer PT to $40 From $32

Super Micro Computer (SMCI) has an average rating of Hold and mean price target of $35.33, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $32.24, Change: $+4.41, Percent Change: +15.85%

$SMCI
Wire

Nano Nuclear Energy, Supermicro Sign Memorandum of Understanding to Power AI Data Centers

Nano Nuclear Energy (NNE) said Wednesday it has signed a memorandum of understanding with Super Micro Computer (SMCI) to explore the integration of Nano's energy systems with Supermicro's artificial intelligence server and data center platforms.The companies will explore projects to deploy Nano's microreactors to provide nuclear power for data centers, integrate Supermicro's AI server racks and cooling systems with nuclear energy products, and develop go-to-market strategies for data center clients, among others goals, according to a statement.Financial details were not provided.Nano shares were up past 15% in Wednesday morning trading, and Supermicro was up nearly 16%.Price: $26.45, Change: $+3.68, Percent Change: +16.16%

$NNE$SMCI
Sectors

Sector Update: Tech Stocks Advance Pre-Bell Wednesday

Technology stocks were advancing pre-bell Wednesday, with the State Street Technology Select Sector SPDR ETF (XLK) rising by 1.9% and the State Street SPDR S&P Semiconductor ETF (XSD) 3.7% higher.Advanced Micro Devices (AMD) shares were up over 18% before the opening bell after the company overnight posted stronger-than-expected fiscal Q1 results and issued an upbeat Q2 revenue outlook.Super Micro Computer (SMCI) stock was over 15% higher before the bell after the company reported higher fiscal Q3 adjusted earnings and revenue.Navitas Semiconductor (NVTS) stock was down more than 3% pre-bell after the company posted a Q1 adjusted loss and lower revenue.

$AMD$NVTS$SMCI$XLK$XSD
Research

Research Alert: Smci: Q3 Sees Margin Recovery But Revenue Miss; Cash Outflows Strain Liquidity

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Q3 FY 26 results were mixed as revenue of $10.24B (+123% Y/Y) missed consensus expectations of $12.45B, though non-GAAP EPS of $0.84 easily beat the $0.62 estimate. Gross margin recovered meaningfully to 9.9% (+30 bps Y/Y, +370 bps Q/Q) from Q2's record low of 6.3%. These mixed results may give investors pause, especially with the sales miss and ongoing credibility risks following export control violations by former senior management, raising questions in our view. Q4 guidance calls for revenue of $11.0B-$12.5B (midpoint $11.75B vs. Street $11.31B) and non-GAAP EPS of ~$0.72 vs. consensus $0.56. We are nervous about the company's strained liquidity position as cash declined to $1.29B from $4.09B while debt increased to $8.8B from $4.9B, driven by $6.6B in operating cash outflows (vs. $1.9B expected) primarily from $10B in accounts payable payments. We expect additional pressure from inventory buildup for the Blackwell platform ramp amid export control fines and working capital requirements.

$SMCI
Wire

Super Micro Computer Faces Uncertainty Over Governance Issue, Wedbush Says

Super Micro Computer (SMCI) enters earnings with uncertainty over another corporate governance issue related to illicit shipments of Nvidia-based servers into China, which could possibly impact its core business, Wedbush Securities said in a note Monday.The brokerage said its supply chain checks suggest the company's sales plan for fiscal 2026 might not be affected, but there are also indications that enterprise customers are more likely to choose alternatives.Analysts said they expect larger customers with near-term order deliveries to remain with Super Micro Computer, as supply chain challenges could make it difficult to find alternative suppliers. However, large customers might use the company's struggles as leverage with future orders, according to the note.The brokerage raised concern that even if the Department of Justice litigation focuses on a few bad actors, the company could still be forced to make changes to its executive suite.The company is set to report fiscal Q3 results on Tuesday.Wedbush maintained a neutral rating on Super Micro Computer, with a price target of $42.Shares of Super Micro Computer were up more than 4% in Monday trading.Price: $28.38, Change: $+1.29, Percent Change: +4.74%

$SMCI
Wire

Super Micro Computer Expands Portfolio With Arm-Based Platforms

Super Micro Computer (SMCI) said Tuesday it has expanded its data center infrastructure portfolio with Arm-based (ARM) server platforms powered by the new Arm AGI CPU, as well as Open Compute Project ORv3-compliant rack offerings.The company's Data Center Building Block Solutions segment employs a modular framework for deploying scalable AI data centers, according to a statement.Price: $26.94, Change: $-0.93, Percent Change: -3.35%

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Wire

Super Micro Computer to Establish New Campus in California

Super Micro Computer (SMCI) said Monday it is establishing its largest campus near its headquarters in San Jose, California.The company said the 32.8-acre site, spanning more than 714,000 square feet, will be its fourth location in the Bay Area and support a full range of domestic operations, including advanced system design, manufacturing, testing, service, and global distribution of its Data Center Building Block Solutions.Super Micro said the campus is expected to create hundreds of jobs across engineering, manufacturing, and business functions.Shares of the company were down 1.3% in early Monday trading.Price: $28.72, Change: $-0.36, Percent Change: -1.26%

$SMCI
Wire

Supermicro Introduces Three New Edge AI Systems Powered by AMD Processors

Supermicro (SMCI) said Monday that it is introducing three new edge artificial intelligence systems that are powered by Advanced Micro Devices' (AMD) EPYC 4005 series processors.The new AI systems include a compact mini-1U box system, a short-depth 1U rackmount system, and a slim tower system aiming to accelerate AI inferencing and general-purpose workloads in space and power-constrained environments, Supermicro said.Shares of the company were down 3% in recent Monday trading.Price: $24.79, Change: $-0.48, Percent Change: -1.88%

$AMD$SMCI
US Markets

S&P 500 Snaps 7-Day Winning Streak as Wall Street Logs Back-to-Back Weekly Gains

The S&P 500 retreated Friday following a seven-day advance ahead of upcoming talks between the US and Iran, while Wall Street notched its second consecutive weekly gain.The index slipped 0.1% to 6,816.9, and the Dow Jones Industrial Average shed 0.6% to 47,916.6. The Nasdaq Composite rose 0.4% to 22,902.9, its eight consecutive day of gains.Most sectors ended in the red, led by consumer staples, while tech paced the gainers.This week, the Nasdaq rallied 4.7%, the S&P 500 advanced 3.6%, and the Dow climbed 3%."In another week of high drama, markets ended in a calmer fashion, awaiting this weekend's direct talks between the US and Iran in Islamabad around the 14-day ceasefire," said Douglas Porter, chief economist at BMO, said in a report.The focus shifts to Pakistan, where officials from Washington and Tehran are expected to meet on Saturday. The truce, which Pakistan helped broker, appeared to be holding so far, though there's uncertainty around the outcome of these talks.Fighting between Israel and Iran-backed Hezbollah continued in Lebanon, CNN reported Friday. Iran's parliament speaker, Mohammad Bagher Ghalibaf, said talks will begin only if there is a ceasefire in Lebanon and blocked Iranian assets are released.West Texas Intermediate crude oil was down 2.3% to $95.63 a barrel in Friday late-afternoon trade.In economic news, US consumer inflation accelerated to its highest monthly reading in nearly four years in March as the Middle East conflict sent energy prices sharply higher, official data showed."The fallout of the US/Israel-Iran war was evident in the March consumer price index," Oxford Economics said in a note.US consumer sentiment hit the lowest on record this month, reflecting heightened worries about higher prices and the overall economic fallout from the Middle East conflict, a survey by the University of Michigan showed.US Treasury yields were higher, with the 10-year rate last up 4.3 basis points at 4.32% and the two-year rate rising 4.1 basis points to 3.81%.In company news, ServiceNow (NOW) shares slumped 7.6%, among the worst performers on the S&P 500.The enterprise software company's competitive advantage may have been eroded amid growing evidence that workflow automation tasks can be automated by harnessing artificial intelligence models, UBS Securities said in a note. The brokerage downgraded its rating on the stock to neutral from buy and slashed its price target to $100 from $170.CoreWeave (CRWV) shares jumped nearly 11% after the AI cloud computing company struck a deal to support the development and deployment of Anthropic's Claude AI models.Major tech names advanced, with Nvidia (NVDA) up 2.6%, the biggest gainer on the Dow, while Super Micro Computer (SMCI) jumped 8.8%, the best performer on the S&P 500. Broadcom (AVGO), Advanced Micro Devices (AMD), and Amazon.com (AMZN) also notched gains.Cloudflare (NET) shares tumbled nearly 14% amid an extended sell-off. The slump offers a buying opportunity, while concerns around Project Glasswing are "overblown" as the cloud-services company is seen benefitting from projected exponential growth in agentic artificial intelligence applications, Oppenheimer said Friday.Project Glasswing is a cross-industry coalition formed to "secure the world's most critical software," Anthropic said in a statement. The alliance, which will be using Anthropic's unreleased Claude Mythos frontier model, includes several big tech names including Amazon Web Services, Broadcom and Nvidia.Gold was down 0.6% at $4,790 per troy ounce, while silver rose 0.1% to $76.48 per ounce.

Dow JonesNasdaq CompositeS&P 500$AMD$AMZN$AVGO$CRWV$NET$NOW$NVDA$SMCI

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