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Did the super micro computer's stock price plummet after their financial report? Is the "AI server" not profitable?
Although the revenue of Super Micro Computer in Q4 exceeded expectations, the EPS was lower than expected and the gross margin declined, which raised concerns on Wall Street about its long-term profitability in the AI server business. Super Micro's stock price fell more than 13% after hours.
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Futu Morning Post | Crazy bargain hunting? Goldman Sachs: Hedge funds are heavily buying American stocks; U.S. stocks stabilize and rebound! Nearly 80% of stocks on S&P 500 rose.
Market liquidity is flashing red lights again! The scale of the overnight reverse repurchase agreement of the Federal Reserve has reached a three-year low for several days; Goldman Sachs CEO: The US economy is resilient and the Federal Reserve is unlikely to act prematurely.
The US stock market closed with all three major indices ending a three-day losing streak. The Chinese concept stock index rose by more than 3%, while safe-haven assets such as US bonds and gold fell.
The NASDAQ rose more than 1% and the S&P rose more than 1%. Nvidia rose more than 7% at one point and ultimately rose 3.78%; Taiwan Semiconductor rose more than 5%, and Morgan Stanley listed it as a preferred stock. Among the popular China concept stocks, New Oriental rose 13.38%, Yum China rose 11.98%, and PDD Holdings rose 5.1%.
The stock price of 'AI demon stock' shook dramatically after hours! Super Micro Computer's revenue in the previous quarter doubled and increased significantly. It announced a 1-for-10 split, but profits fell short of expectations, with mixed guidance.
In the second quarter, Super Micro Computer's revenue exceeded expectations, with a year-on-year growth of over 140%, but EPS profits were 23% lower than expected, and gross margins accelerated to a record low. The revenue guidance for the third quarter is twice as high as expected, and the EPS guidance is expected to increase by more than 110%, but still lower than expected. Super Micro Computer will undergo a 1-for-10 stock split on October 1st. After the financial report was released, Super Micro Computer initially rose by more than 17% in after-hours trading, but then fell by more than 12%.
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