What matters now is not whether Super Micro Computer ( SMCI ) can deliver at scale , but whether it is a messy winner or a structurally impaired business due to governance risk. The March 2026 smuggling case with an alleged $2.5 billion in smuggled AI hardware and the arrest of co-founder Wally Liaw changes the lens by which investors think about Super Micro. Regardless of the ultimate legal outcome, the pattern here is not an isolated incident; it’s a systemic problem that’s appearing at a time when the infrastructure for AI is becoming more strategically and tightly regulated. The Cracks Beneath the Surge The uncomfortable fact is that Super Micro’s business was a harder story to believe in even before the legal news broke. The company reported $12.7 billion in revenue for fiscal Q2 2026, a gain of 123% year-over-year, and raised its full-year sales guidance to a minimum of $40 billion. FQ2 2026 Results On the surface, that’s the kind of business that investors love to invest in precisely because they think it’s too good to pass up. The problem is that the quality of the business has changed for the worse. Gross margin came in at 6.3%, down from 11.8% a year ago. Cash flow from operations was negative $24 million, and free cash flow was negative $45 million. The company’s inventory also climbed to $10.6 billion from $5.7 billion the prior quarter. I am having difficulty understanding this profile and relating it to the premium story that was historically tied to this name. A company can certainly accept lower margins in a scale phase if they are achieving this scale in a manner that is resulting in sustainable customer lock-in, better working capital, or a rising software and service mix. Super Micro is attempting to prove this out with their DCBBS product, which they say accounted for 4% of their profit in their first half and had margins above 20%. What I think is more interesting to focus on, however, is the fact that this is a relatively small offset to their ...

AMD Stock Soars to $220 as CPU Price Hikes and New Deals Boost Outlook FXLeaders

@media (max-width: 768px) { .image-container { width: 100% !important; float: none !important; margin: 0 0 1rem 0 !important; } } Image source: The Mo

據報日本審定通過從2027年度起使用的高中教科書，部分使用日軍「慰安婦」和強徵勞工問題「不存在強制性」的表述，又固化「釣魚島是日本固有領土」的表述。中方批評日本玩弄文字遊戲，模糊史實，向日方提出嚴正交涉，敦促日方正視和反省侵略歷史。 外交部發言人林劍稱：「在教科書審定上，通過玩弄文字遊戲模糊史實，淡化和逃避歷史罪責，是日方否認和歪曲自身侵略歷史的慣用伎倆。中方對此強烈不滿、堅決反對，已向日方提出嚴正交涉。」 林劍說：「戰後日本始終未能同軍國主義徹底切割，靖國神社至今供奉14名甲級戰犯。強徵『慰安婦』、強徵勞工，是日本軍國主義對外侵略擴張期間，犯下的嚴重反人道罪行。這是國際公認的歷史事實，鐵證如山、不容篡改。」 林劍指出：「我要強調的是，釣魚島及其附屬島嶼，自古就是中國的固有領土，中方對其擁有無可爭辯的主權，無論日方在教科書上搞甚麼動作，都改變不了釣魚島屬於中國的事實，任何企圖損害中國領土主權的言行，都是徒勞的。」 林劍表示：「中方注意到韓方也就日方教科書問題，包括涉獨島和『慰安婦』的內容，提出了嚴正交涉，表達了強烈抗議，反映出日本極右翼勢力篡改歷史，誤導日本人民歷史觀的行徑，已經引起包括亞洲鄰國在內的國際社會高度警惕和強烈憤慨。我們嚴肅敦促日方正視和反省侵略歷史，同軍國主義劃清界限，讓日本的年輕一代了解歷史真相，以負責任的態度妥善處理歷史問題，以免進一步失信於亞洲鄰國和國際社會。」

US Has Been Engaged In Major Airstrikes On Pro-Iran Paramilitaries In Iraq Authored by Dave DeCamp via AntiWar.com, Iraq’s Popular Mobilization Forces (PMF) said Tuesday that US airstrikes in Anbar, western Iraq, killed 15 of its fighters, including a senior commander . "In a blatant and cowardly attack, the commander of the Anbar Operations in the Popular Mobilization Forces, Saad Dua al-Bayji, was martyred along with a group of his heroic comrades following a treacherous American airstrike that targeted the command headquarters while they were performing their national duty," the PMF said in a statement, according to The Cradle . The group added that it was holding the Iraqi government "fully responsible" for "confronting these repeated American violations and taking clear and resolute positions to preserve the country’s sovereignty and put an end to these grave transgressions.” Iraqi media later reported that Iraq's National Security Council, chaired by Iraqi Prime Minister Mohammed Shia al-Sudani, has given the PMF the green light to respond to attacks on its positions, a significant step from the US-backed Iraqi government that will likely lead to further escalations inside the country. The PMF is a coalition of mostly Shia militias aligned with Iran that formed in 2014 to fight ISIS and is officially part of Iraq's security forces. Since the US and Israel launched the war against Iran on February 28, the US has launched extensive strikes against the PMF, killing dozens of its fighters . US bases and diplomatic facilities in Iraq have come under constant missile and drone attacks and have mostly been claimed by a group that calls itself the Islamic Resistance in Iraq (IRI) , which includes some of the factions in the PMF. Amid the heavy attacks, the US ordered all American citizens to leave Iraq, and NATO has withdrawn its forces from the country. The IRI said on Monday that the US has also pulled all of its forces out of Camp Victory, a major US base near the ...

Handsome Bob/E+ via Getty Images Investment Thesis I see Nebius Group N.V. ( NBIS ) is one of the most misunderstood names in the AI space and the market is treating it as if it’s still the capital-intensive infrastructure buildout that it was, rather than the pre-sold, demand-driven platform that’s now integrated into the Nvidia ( NVDA ) stack. The business is now being funded by long-term customer contracts, the price points are up and the capacity is fully sold out, this is not a typical cloud story. More importantly, the company has already begun the next chapter of the AI story with inference and agentic workflows via Token Factory, Tavily and early access to Rubin. Since my last coverage NBIS is up another 28% and I believe the real story is in the ’27, ’28 earnings power which the market has not begun to price at all. Data by YCharts Nvidia Didn’t Just Invest, It Chose Its Winner This was not a $2 billion capital allocation decision but a structural announcement about Nvidia’s approach to building the future infrastructure for AI demand and in my view Nebius sits closer to the center of that strategy than the market realizes. Nvidia spent $2 billion in checks over a compressed 90-day period on multiple infrastructure players, which may appear to be a diversified approach on the surface. However, I see this as a coordinated approach to building the ecosystem where each partner is both a customer and a distribution channel for Nvidia’s most valuable products. When you connect this with the announcement at GTC 2026 you start to understand the thesis even more clearly because Nvidia’s announcement around $1 trillion in AI infrastructure demand through 2027 was driven by inference versus training and I believe the market is underestimating the importance of that announcement. Nebius is already a part of that transition with Token Factory driving inference workloads, Tavily driving agentic search and access to Rubin driving a material reduction in cost per token th...

格隆汇3月25日｜据央视，2026年3月25日，中共中央政治局委员、外交部长王毅应约同土耳其外长费丹通电话。王毅表示，中东战事的是非曲直十分清楚，国际社会有必要对此秉持客观公正立场。目前战事正迅速外溢，蔓延至整个地区。当务之急是积极劝和促谈，抓住和平机会，推动战火平息。中方支持地区国家保持冷静，从长远和根本利益出发理性应对当前危局，坚持通过对话化解矛盾分歧，支持土方为推动恢复谈判发挥建设性作用。

Model Gemma Kingsley, 50, is jailed for conning different men out of large sums of money.

Meta周三解雇数百名员工。 知情人士表示，裁员范围覆盖公司多个不同部门，其中包括Facebook、全球运营、招聘、销售及其虚拟现实部门RealityLabs。 该人士称，部分受影响员工将获得公司内部的新岗位，部分新岗位需要员工异地搬迁。 Meta发言人在一份声明中表示：“Meta各团队会定期进行重组或调整，以确保处于实现目标的最佳状态。在可行的情况下，我们会为岗位受影响的员工安排其他工作机会。” 此次裁员之际，Meta正重新聚焦战略方向，向人工智能领域投入数十亿美元。这家社交媒体巨头正加紧追赶OpenAI、Anthropic和 谷歌 等竞争对手。 今年1月，Meta已对其RealityLabs部门员工进行裁员，并关闭了多家开发虚拟现实内容的工作室。 1月的裁员涉及逾1000个岗位，影响了负责QuestVR头显的硬件部门以及HorizonWorlds虚拟社交网络约10%的人员。 责任编辑：李桐

tumsasedgars/iStock via Getty Images The JPMorgan BetaBuilders USD High Yield Corporate Bond ETF ( BBHY ) is a simple high-yield corporate bond index ETF. BBHY's strong 7.4% dividend yield, good performance track-record, and a recent increase in credit spreads, make the fund a buy. (For reference, our last article on it was here .) BBHY - Overview and Analysis Strategy and Portfolio BBHY is a simple high-yield corporate bond index ETF, tracking the ICE BofA US High Yield Index. It is a simple index, including relevant dollar-denominated non-investment grade bonds subject to a basic set of inclusion criteria. Due to the breadth of the index, expect BBHY to track the performance of non-investment grade bonds as an asset class, with minimal differences in performance or characteristics. BBHY itself invests in over 1,500 differed bonds from all relevant sectors. Concentration is quite low, with no individual security accounting for more than 0.5% of the fund's portfolio, no issuer accounting for more than 2.0%. BBHY should not significantly differ from the larger high-yield corporate bond index ETFs in the market, including the iShares Broad USD High Yield Corporate Bond ETF ( USHY ). As USHY is the largest index ETF in this market niche, I'll be comparing the ETFs throughout the article. Although significant differences are incredibly unlikely, small differences are another matter, and could easily occur due to small differences in index construction and tracking error. Looking at the portfolios and holdings, USHY invests in more securities, closer to 2,000 than 1,500, with similar concentrations, as both ETFs seem to limit individual issuers to 2.0% of their portfolios. Credit and Rate Risk BBHY focuses on the higher-quality non-investment grade corporate bonds, with over 50% of its portfolio being comprised of BB-rated securities, then B, then finally CCC or lower. BBHY BBHY's credit quality is broadly comparable to that of USHY, perhaps slightly riskier or weaker, w...

Air Liquide executive: will allocate helium volume from other places in the world WTAQ

SNOW rides AI-driven analytics growth with surging revenues and rapid product adoption, but rising cloud competition clouds its upside outlook.

Intel, AMD soar on reported CPU price hikes amid supply chain crunch TradingView

wmaster890/iStock via Getty Images Vestas Wind Systems ( VWDRY ) said Wednesday it plans to spend more than €250M to build a nacelle and hub factory in Scotland to meet growing demand for offshore wind in the U.K. and Europe, with an eye toward starting production by 2029 or 2030. The plant, still subject to a final investment decision conditional on securing sufficient U.K. orders from subsidy auctions, would produce parts for Vestas' ( VWDRY ) flagship offshore wind turbine, the V236-15.0 MW, and create as many as 500 direct jobs, the company said. The Vestas ( VWDRY ) announcement is seen as a win for the U.K. government’s clean energy agenda and U.K. Energy Secretary Ed Miliband, who has faced criticism for hastening the decline of North Sea oil and gas, a major employer in the region. More on Vestas Wind Systems Vestas Wind Systems Q4 2025 Earnings Call Transcript Vestas Wind Systems Q4 2025 Earnings Call Presentation Vestas Wind Systems: A Play On Wind Recovery

Canadian Prime Minister Mark Carney reprimanded Air Canada ’s head for issuing a video statement in English only following the tragic runway collision at LaGuardia Airport in New York that killed two pilots. In the video uploaded on the airline’s website Monday, Chief Executive Officer Michael Rousseau provided an update on the situation in English and expressed his “deepest sorrow for everyone affected.” All he said in French was “bonjour” at the beginning and “merci” at the end — captions in French at the bottom were provided. Canada’s largest airline, as a federal government-regulated entity, is subject to the Official Languages Act, requiring it to provide equal services in English and French. It’s also headquartered in the Montreal region, the business and financial center of Quebec, the only Canadian province where French is the majority language. Many French-speaking Quebecers have been quick to point out that one of the two pilots killed in the crash, Antoine Forest, was from Quebec. The Air Canada Express aircraft operated by Jazz Aviation LP flew from Montreal to New York on Sunday night and collided with an airport fire truck after landing. Read More: Safety System Failed to Alert LaGuardia Tower Before Crash “We proudly live in a bilingual country and companies like Air Canada particularly have a responsibility to always communicate in both official languages, regardless of the situation,” Carney told reporters Wednesday. The prime minister said he was “disappointed” and that the message showed a “lack of judgment and lack of compassion.” Quebec Premier Francois Legault went further, calling on Rousseau to quit. “If he still doesn’t speak French, that’s disrespectful to his French-speaking employees and customers. So yes, if he doesn’t speak French, he should resign,” Legault said. On Tuesday, members of Parliament expressed indignation at Rousseau’s video and summoned him to appear before the official languages committee by May 1. Air Canada said in a s...

Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the Tradr 2X Long SPY Monthly ETF, which added 133,450,000 units, or a 9.9% increase week over week. Among the largest underlying components of SPYM,

Alones Creative A senior political-security official has reportedly told Press TV that Iran has formally rejected an American proposal to end the ongoing conflict, insisting that Tehran will dictate the terms and timing of the war’s conclusion. “Iran will end the war when it decides to do so and when its own conditions are met,” the official stated, emphasizing the country’s resolve to continue inflicting “heavy blows” on the enemy until its demands are fulfilled. The official outlined five specific conditions for ending hostilities: A complete halt to “aggression and assassinations” by the enemy Establishment of mechanisms to ensure war is not reimposed on Iran Guaranteed payment of war damages and reparations Conclusion of the war across all fronts for all resistance groups in the region Formal recognition of Iran’s sovereignty over the Strait of Hormuz as a guarantee for the implementation of commitments. The conflict began on Feb. 28 with the assassination of Ayatollah Seyyed Ali Khamenei and other top officials during indirect nuclear talks. Iranian forces have since carried out nearly 80 waves of retaliatory strikes targeting Israeli and American military assets across the region. The official stressed that “no negotiations will be held” until all five conditions are accepted, dismissing recent U.S. diplomatic overtures through regional intermediaries as disconnected from “America’s failure on the battlefield.” “The end of the war will occur when Iran decides it should end, not when Trump envisions its conclusion,” the official added. Dear readers: We recognize that politics often intersects with the financial news of the day, so we invite you to click here to join the separate political discussion. More on the Middle East conflict Iran does not accept a ceasefire – report U.S. reportedly has a plan to end the Iran war Trump: Iran offered the U.S. a ‘present’ to show good faith in war resolution negotiations Odds of U.S.-Iran nuclear deal rise after Trump says...

New Mexico Wins $375M Landmark Verdict Against Meta San Jose Inside

Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the SPDR Gold MiniShares Trust, where 52,050,000 units were destroyed, or a 13.9% decrease week over week. And on a percentage change basis,

格隆汇3月25日｜Raymond James将英国石油的目标价从40美元上调至52美元，将雪佛龙的目标价从187美元上调至238美元。(格隆汇)

For years, major game publishers and developers have been chasing a particular north star: Fortnite . With its internet-shaking live events and copious celebrity cameos , Epic's battle royale shooter became the epitome of what a live-service game could be, one that reached a level of cultural ubiquity that few other entertainment products could match while also raking in all kinds of money. And much of the games industry followed suit in an attempt to get a Fortnite -like cash cow of their own. The results were disastrous. The biggest live-service games soaked up all of players' time and money, leaving everyone else to fight for scraps. Layoff … Read the full story at The Verge.

Alexander Sikov Semiconductor stocks were largely higher on Wednesday, buoyed in part by easing tensions between the U.S. and Iran and reports of price hikes coming from AMD ( AMD ) and Intel ( INTC ). AMD shares rose more than 6% in late morning trading, while Intel added nearly 8% after Nikkei Asia reported the two semiconductor companies recently told clients they will raise the prices for all series of CPUs from March and April. The price hikes stem from a shortage of CPUs that is due to rising demand for agentic artificial intelligence usage in data centers. Some PC manufacturers, such as HP ( HPQ ) and Dell ( DELL ), discovered a meaningful “gap” started appearing at the end of February and has only worsened since then, people familiar with the matter told the news outlet. Nvidia ( NVDA ), which introduced its own CPU at its annual GTC event, rose more than 3% in late morning trading. Arm Holdings ( ARM ), which announced its own CPU designed for the data center on Tuesday, after years of licensing its intellectual property to other companies such as Apple ( AAPL ), was up more than 18%. A number of other semiconductor stocks were higher on Wednesday, including Qualcomm ( QCOM ), as well as Texas Instruments ( TXN ), Analog Devices ( ADI ), Broadcom ( AVGO ) and Marvell Technology ( MRVL ). Conversely, companies tied to memory and storage were lower — including Micron Technology ( MU ), Seagate Technology ( STX ), Western Digital ( WDC ) and Sandisk ( SNDK ) — after Google ( GOOG )( GOOGL ) revealed a set of new algorithms designed to reduce the amount of memory needed to run large language models. More on semiconductor stocks Arm Holdings: A Bold Move Into AI Chips, And I'm Bullish Arm Holdings plc (ARM) Shareholder/Analyst Call Prepared Remarks Transcript Nvidia Stock To See New Growth Catalyst: 35X Faster AI With Groq 3 LPX Jensen Huang, Mark Zuckerberg among Trump's tech council ETFs heavily allocated to ARM are in focus as the stock jumps 16%

Alexander Sikov Semiconductor stocks were largely higher on Wednesday, buoyed in part by easing tensions between the U.S. and Iran and reports of price hikes coming from AMD ( AMD ) and Intel ( INTC ). AMD shares rose more than 6% in late morning trading, while Intel added nearly 8% after Nikkei Asia reported the two semiconductor companies recently told clients they will raise the prices for all series of CPUs from March and April. The price hikes stem from a shortage of CPUs that is due to rising demand for agentic artificial intelligence usage in data centers. Some PC manufacturers, such as HP ( HPQ ) and Dell ( DELL ), discovered a meaningful “gap” started appearing at the end of February and has only worsened since then, people familiar with the matter told the news outlet. Nvidia ( NVDA ), which introduced its own CPU at its annual GTC event, rose more than 3% in late morning trading. Arm Holdings ( ARM ), which announced its own CPU designed for the data center on Tuesday, after years of licensing its intellectual property to other companies such as Apple ( AAPL ), was up more than 18%. A number of other semiconductor stocks were higher on Wednesday, including Qualcomm ( QCOM ), as well as Texas Instruments ( TXN ), Analog Devices ( ADI ), Broadcom ( AVGO ) and Marvell Technology ( MRVL ). Conversely, companies tied to memory and storage were lower — including Micron Technology ( MU ), Seagate Technology ( STX ), Western Digital ( WDC ) and Sandisk ( SNDK ) — after Google ( GOOG )( GOOGL ) revealed a set of new algorithms designed to reduce the amount of memory needed to run large language models. More on semiconductor stocks Arm Holdings: A Bold Move Into AI Chips, And I'm Bullish Arm Holdings plc (ARM) Shareholder/Analyst Call Prepared Remarks Transcript Nvidia Stock To See New Growth Catalyst: 35X Faster AI With Groq 3 LPX Jensen Huang, Mark Zuckerberg among Trump's tech council ETFs heavily allocated to ARM are in focus as the stock jumps 16%

AMD, Intel lead chip stocks higher amid reports of price hikes (AMD:NASDAQ) seekingalpha.com

As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money. So let's look at two noteworthy recent insider buys. At Kayne Anderson MLP Investment, a filing with the SEC revealed that on Friday, Pr