Super Micro Surges as Market Pauses Ahead of Big Tech Earnings
TL;DR Summary
Stocks were mostly range-bound ahead of key earnings from Alphabet, Tesla, and IBM as AI and oil themes influenced trades. Super Micro Computer jumped 24% after doubling its Q4 gross-margin guidance, leading the day, while Dell Technologies (+10%) and Hewlett Packard Enterprise (+4.5%) rose as Intel dipped. Energy names climbed on higher oil prices, lifting Chevron and Exxon Mobil, and Nvidia and Western Digital posted modest gains. On the downside, ServiceNow fell about 5.7% and Pegasystems sank ~16% on AI-market concerns, with GE Vernova down about 7.5%. AT&T rose ~2.6%.
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- Super Micro sees strong margins, books $60 billion in orders; shares jump Reuters
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