ABBPhoto/iStock via Getty Images Super Micro Computer ( SMCI ) is up over 17% in premarket trading on Wednesday after the company reported 3Q26 earnings on Tuesday after the bell. Going into earnings, the stock was down over 33% over the past 6 months and down over 54% since its all-time high at $62 back in July of last year. Seeking Alpha After a series of unfortunate events, the market lost conf...
ABBPhoto/iStock via Getty Images Super Micro Computer ( SMCI ) is up over 17% in premarket trading on Wednesday after the company reported 3Q26 earnings on Tuesday after the bell. Going into earnings, the stock was down over 33% over the past 6 months and down over 54% since its all-time high at $62 back in July of last year. Seeking Alpha After a series of unfortunate events, the market lost confidence in the company, especially following the legal issues surrounding former senior executive Wally Liaw, who was indicted in connection with alleged export control violations involving the diversion of SMCI products to China. Layered on top of the residual scar tissue from the Hindenburg short report, the Ernst & Young auditor resignation, and the 10-K filing delay saga that defined late 2024, SMCI had become a case study in how quickly an AI infrastructure darling can be re-rated when governance overhangs compound on top of one another. Heading into Tuesday's print, the buyside was arguably more focused on damage assessment than on the underlying operating story. But, against all odds, the company delivered, and the pullback we saw from all-time highs and even over the past months shows that the market has long priced in the negatives. I last covered the stock in late April, and following my sell, the stock dipped as much as 10% but later slightly recovered to the $27 level, that is, until earrings. When I downgraded SMCI to a sell following the BlueFin Research note on the alleged Oracle ( ORCL ) contract cancellation, my sell was driven by three structural concerns: customer concentration of roughly 63% from a single hyperscaler, gross margin compression to 6.4% non-GAAP in 2Q26, and the governance overhang from the Liaw indictment leaking into customer relationships and Nvidia ( NVDA ) allocation. I said at the time that I would consider an upgrade back to a buy "if management shows sustainability of the contracts with other customers." The 3Q print answered all thr...
Logistics complicated for 30 May showpiece in Budapest Arsenal to receive only 16,824 official ticket allocation Arsenal have had to find different ways to win this season as they pursue a Premier League and Champions League double . Their fans will now have to show similar dexterity if they hope to make it to Budapest for Uefa’s showpiece final. With direct flights from London costing up to £1,50...
Logistics complicated for 30 May showpiece in Budapest Arsenal to receive only 16,824 official ticket allocation Arsenal have had to find different ways to win this season as they pursue a Premier League and Champions League double . Their fans will now have to show similar dexterity if they hope to make it to Budapest for Uefa’s showpiece final. With direct flights from London costing up to £1,500 and the only available hotel rooms some 20 miles from the Hungarian capital, it could be the most expensive Champions League final to attend in history. But with a bit of luck and logistical flexibility (and the ability to stay awake all night), Gunners supporters can still hope to match Declan Rice’s demand that 200,000 descend upon the Danube at the end of this month. Continue reading...
Bernstein analyst Peter Weed raised his price target on ServiceNow (NYSE:NOW) to $236 from $226 while maintaining an Outperform rating, framing the company’s Analyst Day as a long-term margin and free cash flow win. The catch: the same event armed the bears with a 2030 subscription revenue target of $30 billion that implies growth decelerating ... Bernstein Hikes ServiceNow Price Target to $236: W...
Bernstein analyst Peter Weed raised his price target on ServiceNow (NYSE:NOW) to $236 from $226 while maintaining an Outperform rating, framing the company’s Analyst Day as a long-term margin and free cash flow win. The catch: the same event armed the bears with a 2030 subscription revenue target of $30 billion that implies growth decelerating ... Bernstein Hikes ServiceNow Price Target to $236: Was the Analyst Day a Win or a Trap?
Wachiwit/iStock Editorial via Getty Images Apple Inc. ( AAPL ) has had a very strong quarter, with promising implications for its near-term and long-term growth. The China rebound and India's double-digit growth are not one-time tailwinds, and the memory shortage may have been a headwind, but it also has some favorable implications. Though there are some risks that you should know, the near-term a...
Wachiwit/iStock Editorial via Getty Images Apple Inc. ( AAPL ) has had a very strong quarter, with promising implications for its near-term and long-term growth. The China rebound and India's double-digit growth are not one-time tailwinds, and the memory shortage may have been a headwind, but it also has some favorable implications. Though there are some risks that you should know, the near-term and long-term opportunities are significant and should continue to deliver value to shareholders. The reaction to the Q2 results was positive. After the company announced them, the buyers drove the price outside the upper Bollinger band (2.5σ, 50DMA) before normalizing. TrendSpider That is consistent with the growth and guidance. First of all, total revenue came in at $111.18 billion , up 16.6% YoY. The sequential decline of 22.7% was largely expected, coming from the holiday quarter. iPhone revenue, 51.3% of total, increased by 21.7% YoY to $56.99 billion. That is the highlight, and the market probably liked the fact that the supply constraint Apple faced prevented the result from being as good as it should have been, even adjusting for the FX tailwind. Services revenue grew 16.3% YoY to $30.98 billion, and that also helped with sentiment, as it's a significant revenue contributor at 27.9% of total revenue and a meaningful contributor to Apple's 49.3% gross margin. Mac, iPad, and Wearables/Home/Accessories grew by 5.7%, 8%, and 5% YoY, respectively. These are not large contributors to revenue, but the latest report showed that the business growth is broad-based. The gross margin of 49.3% is up 222 bps YoY, which frankly is extraordinary for a hardware company facing rising memory and component costs. Operating income increased by 21.3% and diluted EPS grew 21.8%. Greater China revenue jumped by 28.1% from the second quarter a year ago to $20.5 billion, marking its second consecutive quarter of strong growth after years of slow expansion. An explanation for the rebound is gi...
Wachiwit/iStock Editorial via Getty Images Apple Inc. ( AAPL ) has had a very strong quarter, with promising implications for its near-term and long-term growth. The China rebound and India's double-digit growth are not one-time tailwinds, and the memory shortage may have been a headwind, but it also has some favorable implications. Though there are some risks that you should know, the near-term a...
Wachiwit/iStock Editorial via Getty Images Apple Inc. ( AAPL ) has had a very strong quarter, with promising implications for its near-term and long-term growth. The China rebound and India's double-digit growth are not one-time tailwinds, and the memory shortage may have been a headwind, but it also has some favorable implications. Though there are some risks that you should know, the near-term and long-term opportunities are significant and should continue to deliver value to shareholders. The reaction to the Q2 results was positive. After the company announced them, the buyers drove the price outside the upper Bollinger band (2.5σ, 50DMA) before normalizing. TrendSpider That is consistent with the growth and guidance. First of all, total revenue came in at $111.18 billion , up 16.6% YoY. The sequential decline of 22.7% was largely expected, coming from the holiday quarter. iPhone revenue, 51.3% of total, increased by 21.7% YoY to $56.99 billion. That is the highlight, and the market probably liked the fact that the supply constraint Apple faced prevented the result from being as good as it should have been, even adjusting for the FX tailwind. Services revenue grew 16.3% YoY to $30.98 billion, and that also helped with sentiment, as it's a significant revenue contributor at 27.9% of total revenue and a meaningful contributor to Apple's 49.3% gross margin. Mac, iPad, and Wearables/Home/Accessories grew by 5.7%, 8%, and 5% YoY, respectively. These are not large contributors to revenue, but the latest report showed that the business growth is broad-based. The gross margin of 49.3% is up 222 bps YoY, which frankly is extraordinary for a hardware company facing rising memory and component costs. Operating income increased by 21.3% and diluted EPS grew 21.8%. Greater China revenue jumped by 28.1% from the second quarter a year ago to $20.5 billion, marking its second consecutive quarter of strong growth after years of slow expansion. An explanation for the rebound is gi...
Northcoast Research has pulled Norwegian Cruise Line (NYSE:NCLH) from its Buy list, downgrading the stock to Neutral on May 6. The firm cited a slower-than-expected balance sheet transformation and an industry backdrop made worse by the war in Iran. The analyst downgrade lands one day after price target cuts from Goldman Sachs, Morgan Stanley, Barclays, ... Northcoast Just Yanked Norwegian Cruise ...
Northcoast Research has pulled Norwegian Cruise Line (NYSE:NCLH) from its Buy list, downgrading the stock to Neutral on May 6. The firm cited a slower-than-expected balance sheet transformation and an industry backdrop made worse by the war in Iran. The analyst downgrade lands one day after price target cuts from Goldman Sachs, Morgan Stanley, Barclays, ... Northcoast Just Yanked Norwegian Cruise Line From Its Buy List: Iran War Sinks the Cruise Industry
Tesla ramps capex beyond $25B to fuel AI, robotics, and autonomy bets, but rising risks, negative cash flow, and unclear timelines cloud near-term outlook.
Tesla ramps capex beyond $25B to fuel AI, robotics, and autonomy bets, but rising risks, negative cash flow, and unclear timelines cloud near-term outlook.
magnez2/iStock Unreleased via Getty Images "Credit card spending is through the roof," White House National Economic Council Director Kevin Hassett said in an interview with Fox Business. Consumers are spending more on gas, but they are spending more on everything else too, Hassett said, citing the head of one of the big five banks and the related credit card data. Ironically, the March CreditGaug...
magnez2/iStock Unreleased via Getty Images "Credit card spending is through the roof," White House National Economic Council Director Kevin Hassett said in an interview with Fox Business. Consumers are spending more on gas, but they are spending more on everything else too, Hassett said, citing the head of one of the big five banks and the related credit card data. Ironically, the March CreditGauge edition from VantageScore had shown that households are pulling back on borrowing and reducing revolving balances. "The decline in revolving balances provides clearer evidence of consumer deleveraging, suggesting households are paying down debt and moderating spending, supported in part by seasonal inflows such as tax refunds," the report had said. Related tickers: ( AXP ), ( C ), ( BAC ), ( JPM ), ( COF ), ( SYF ), ( BFH ) On the recent private credit stress, the White House National Economic Council director said that they don't think it will rise to a level that would require them to collectively talk about the issue. "It comes that way for a very simple reason. First of all, they have assets that are still liquid at the market level. Second, if people are frustrated with the management of their private equity firm, they can take their money out," he told Fox Business. "The way the firms are structured, they can only take their money out a little bit," he said, adding specifically so that the industry wouldn't start to cause runs. "The structure of private credit had a keen eye on the systemic risks." "Even though some folks may be disappointed with their returns, I don't think people who are in private credit should worry that it's going to overflow into the rest of the marketplace," he said. Related tickers: ( OWL ), ( APO ), ( ARES ), ( BX ), ( KKR ) More on related tickers KKR & Co. Inc. (KKR) Q1 2026 Earnings Call Transcript KKR's Durable Growth Story Is Underappreciated KKR & Co. Inc. 2026 Q1 - Results - Earnings Call Presentation Most and least shorted large-cap...
It feels like not a day goes by at the moment without some Xbox news, and today is no different. Xbox CEO Asha Sharma just announced that Xbox owners will get a new boot up sound and animation on May 13th. The console boot animation is the new Xbox logo , complete with a slight twist on the existing boot-up sound. Microsoft first revealed its new Xbox logo last month, and the company has already r...
It feels like not a day goes by at the moment without some Xbox news, and today is no different. Xbox CEO Asha Sharma just announced that Xbox owners will get a new boot up sound and animation on May 13th. The console boot animation is the new Xbox logo , complete with a slight twist on the existing boot-up sound. Microsoft first revealed its new Xbox logo last month, and the company has already released Xbox dynamic backgrounds of the logo, as well as profile pictures for Xbox fans to use. The new Xbox logo has a more glassy look, and I understand Microsoft has also been using this new design for some of its internal next-gen Project Helix … Read the full story at The Verge.